TY  - RPRT
        AU  - Addison, John T.
AU  - Teixeira, Paulino
        TI  - Employment Adjustment in Portugal: Evidence from Aggregate and Firm Data
        PY  - 2001/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 391
        UR  - https://www.iza.org/index.php/publications/dp391
        AB  - This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of firm data is used to check the persistence detected at aggregate level, and also to examine the contribution of atypical work over the cycle. Consistent with the aggregate evidence, and despite stronger employment inertia, there is no suggestion in the firm panel that labour demand is cyclically unstable.
        KW  - labor demand
KW  - employment protection
KW  - Employment adjustment
KW  - error-correction model
KW  - panel estimation
        ER  -