Objective
Research objectives and content
The objective of the research is to try to explain why firms hold excess labour during contractions, that is, to explain labour hoarding. Why, in a downturn, some workers are paid to do nothing (or every worker works less intensely than normal) as is empirically validated by Fay and Medoff (1985)*? There is now a revival of interest on this topic, particularly in the real business cycle theories. However, the explanations that are given to this phenomenon are not entirely satisfactory. The project that I plan to carry out at Aarhus University is to explain labour hoarding, using labour market rigidities and different hypotheses on price rigidities. * Fay J.A. and J.L. Medoff (1985), "Labor and output over the business cycle: Some direct evidence", American Economic Review, vol. 75, pp. 638-655.
Training content (objective, benefit and expected impact)
The objective of a stay at Aarhus University is to meet people that are specialists on the topics of price rigidities and on labour market rigidities. I hope it will be possible to write several articles in collaboration with scientists of the host Institution.
These articles would be submitted to international journals; hoping that they could help to a better theoretical understanding of labour hoarding.
Links with industry / industrial relevance (22)
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
8000 AARHUS C
Denmark
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.