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AA00260481-20180000-0001  
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Title
Title Incomplete information and the lag between temporary and permanent employment adjustment : a cross-city analysis  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name 大野, 由香子  
Kana オオノ, ユカコ  
Romanization Ōno, Yukako  
Affiliation 慶應義塾大学商学部准教授  
Affiliation (Translated) Associate professor, Faculty of Business and Commerce, Keio University  
Role  
Link  

Name Zhang, Qinghua  
Kana  
Romanization  
Affiliation 北京大学  
Affiliation (Translated) Associate professor, Department of Applied Economics in Guanghua School of Management, Peking University  
Role  
Link  
Edition
publisher  
Place
Tokyo  
Publisher
Name Society of Business and Commerce, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 2018  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio business review  
Name (Translated)  
Volume  
Issue 53(2018)  
Year  
Month  
Start page 1(1)  
End page 26(26)  
ISSN
04534557  
ISBN
 
DOI
URI
 
JaLCDOI
NII Article ID
 
Ichushi ID
 
Other ID
 
Doctoral dissertation
Dissertation Number  
Date of granted  
Degree name  
Degree grantor  
Abstract
It is well-observed that the growth of temporary help service (THS) employment tends to lead that of total employment over business cycles. Such a tendency, however, varies vastly across geographic areas. This paper provides an explanation to such variations from the perspective of information environment. A firm can observe only overall demand shocks and cannot contemporaneously distinguish long-lived shocks (e.g., business cycle shocks) from transitory shocks. The information environment the firm faces can be characterized by the average volatility of transitory demand shocks and that of long-lived demand shocks, which determine the degree to which the firm can infer the nature of an observed shock.
Our empirical findings show that a city with the greater volatility of transitory shocks has a longer lag between the permanent and temporary employment growth, if the timing of transitory shocks differ sufficiently across industries in the city. This possibly reflects that the greater volatility of transitory shocks makes the information contained in a contemporaneous shock noisier and makes firms to postpone adjusting permanent employment level in responding to the shock. In contrast, the greater volatility of long-lived shocks shortens the lag, possibly because it allows firms more readily identify the nature of the contemporaneous shock.
 
Table of contents

 
Keyword
temporary help employment  

THS employment  

permanent employment  

incomplete information  

information extraction  

business cycle shock  

long-lived shock  

transitory shock  
NDC
 
Note

 
Language
英語  
Type of resource
text  
Genre
Journal Article  
Text version
 
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Last modified date
Sep 13, 2019 10:32:59  
Creation date
Dec 12, 2018 09:25:00  
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Jul 10, 2019    出版地 場所,出版者 ローマ字,日付 出版年(from:yyyy),抄録 を変更
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Sep 12, 2019    上位タイトル,上位タイトル 号 を変更
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Sep 13, 2019    上位タイトル 号,上位タイトル 年 を変更
 
Index
/ Public / Faculty of Business and Commerce / Keio business review / 53 (2018)
 
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