The phrase "adjustments cost" is not correct in standard written English.
It seems to be a fragment and lacks clarity without additional context.
Example: "The adjustments cost will be deducted from your final invoice."
Alternatives: "cost of adjustments" or "adjustment expenses."
How do the estimates of adjustments costs compare with some of the prior findings in the literature?
For plants adjusting their average wage downwards, the annual adjustment cost claims, on average, up to 3.6% of revenue.
For plants adjusting their average wage upwards, the annual adjustment cost makes up as much as 0.8% of revenue on average.
That is, the higher adjustment cost of existing workers makes firms adjust labor input by reducing new hires from the labor market.
The adjustment cost depends on various labor-market institutions.
The estimates remain economically significant when the average-wage adjustment cost is considered jointly with the employment adjustment cost.
The estimated revenue shares of adjustment costs are calculated at the median of the corresponding adjustment cost distribution.
For employment adjustment, upward adjustment cost is about 5.9% of revenue, whereas the downward adjustment cost constitutes about 8.2% of revenue.
For the plants that are five years from their first census, the average-wage adjustment cost makes up about 2.3% of revenue annually at the median adjustment cost.
Furthermore, as shown in Table 4, the average-wage adjustment costs are smaller when the average-wage adjustment costs are estimated together with the employment adjustment costs, suggesting that not controlling for labor quantity adjustments may introduce bias in the adjustment cost estimates for labor quality, and vice versa.
