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The Effect of Fringe Benefits on Employment Fluctuations in U.S. Automobile Manufacturing

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  • Smyth, David J
  • Karlson, Stephen H

Abstract

The authors present a theoretical and empirical analysis of employment adjustment by U.S. automobile manufacturers. The model allows for variable elasticities of substitution among labor and other inputs and between hours and workers. They use total compensation as their measure of labor cost. The authors' labor effectiveness function has diminishing marginal returns to hours. The speed of employment adjustment depends on the relative costs of straight-time and overtime hours. Copyright 1991 by MIT Press.

Suggested Citation

  • Smyth, David J & Karlson, Stephen H, 1991. "The Effect of Fringe Benefits on Employment Fluctuations in U.S. Automobile Manufacturing," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 40-49, February.
    • Handle: RePEc:tpr:restat:v:73:y:1991:i:1:p:40-49
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    Cited by:

    1. Yoshifumi Nakata & Ryoji Takehiro, 2003. "Total Labor Costs and the Employment Adjustment Behavior of Large Japanese Firms," NBER Chapters, in: Labor Markets and Firm Benefit Policies in Japan and the United States, pages 135-156, National Bureau of Economic Research, Inc.
    2. Stuart Glosser & Lonnie Golden, 2005. "Is labour becoming more or less flexible? Changing dynamic behaviour and asymmetries of labour input in US manufacturing," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 29(4), pages 535-557, July.

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