Economists describe the demand for inputs like labor as a derived demand. Since the demand for labor is MPL*P, it is dependent on the demand for the product the firm is producing. We show this by the P term in the demand for labor. An increase in demand for the firm’s product drive...
I formulate measures of the effective minimum wage, based on broad definitions of the labor costs that face employers, and use these measures in reestimating some simple equations relating the relative employment of youths and adults to the U.S. minimum wage using aggregate data for 1954-78.I...
(2005), 'The Demand for Labor: An Analysis Using Matched Employer-Employee Data from the German LIAB. Will the High Unskilled Worker Own-Wage Elasticity Please Stand Up?', IZA Discussion Paper, No.1780, Institute for the Study of Labor, Bonn....
The Demand for Labor in the Long Run The theory of the demand for labor is presented along with a catalog and critique of methods that are used to estimate the parameters that describe empiric... DS Hamermesh - 《Nber Working Papers》 被引量: 311发表: 2004年 10. Vacancies and the Deman...
INFORMATION TECHNOLOGY, WORKPLACE ORGANIZATION, AND THE DEMAND FOR SKILLED LABOR: FIRM-LEVEL EVIDENCE. We investigate the hypothesis that the combination of three related innovations—1) information technology (IT), 2) complementary workplace reorganization,... Bresnahan,Timothy,F.,... - 《Quarterly...
The paper presents a dynamic general equilibrium model of a small open economy, in which (i) firms have to pay for a fraction of the input bill before production takes place, and in which (ii) the labor supply is independent of consumption. Using a version of the model calibrated to ...
The basic workforce planning process is to forecast the employers demand for labor and supply of labor, identify supply-demand gaps, and develop action plans to fill the projected gaps. Difficulty: Moderate Chapter: 5 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 5.1 Explain the main ...
over time, bring benefits to the workers who join the labor force and support overall economic growth. Such policies would take time to implement and have their effects, however. For the near term, a moderation of labor demand growth will be required to restore balance to the labor market. ...
9. It can be shown that an industrys demand for labor will become more elastic when the demand for the industrys product becomes more elastic. Lets consider the implications of this fact for the U.S. automobile industry and the United Autoworkers Union (UAW). a. What happened to the ...
For them, the natural environment is an important component of the economic system, and they aim to treat the natural environment in the same way that we treat labor and capital, that is, as an asset and a resource, and as commodities that can be bought, traded, sold, saved, and ...