The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Firm-Level Employment Dynamics

  • Jeff Campbell
Reference work entry


Firm-level employment dynamics deals with the evolution of firms’ employment decisions when they face costs of creating and destroying jobs. It lies at the intersection of labour economics, industrial organization and macroeconomics. Recent contributions use rational expectations models of labour demand to match salient statistics from establishment-level employment records.


Adjustment costs Firm-level employment dynamics Job creation and destruction Structured and unstructured jobs 

JEL Classifications

D4 D10 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jeff Campbell
    • 1
  1. 1.