Labor demand
In: Princeton Paperbacks
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In: Princeton Paperbacks
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In: Journal of post-Keynesian economics, Band 43, Heft 4, S. 634-639
ISSN: 1557-7821
In: American economic review, Band 108, Heft 9, S. 2714-2757
ISSN: 1944-7981
We propose and estimate a novel specification of labor demand which encompasses search frictions and the role of entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the wage elasticity of employment demand to be close to −1 at the industry-city level and −0.3 at the city level. We argue that the difference between these estimates reflects the congestion externalities predicted by the search literature. Our estimates also indicate that entrepreneurship should be treated as a scarce factor in the determination of labor demand. We use our estimates to evaluate the impact of large changes in the minimum wage on employment. (JEL J23, J31, J38, L26, M13, R23)
36 pages, 4 figures, 7 tables.-- JEL Codes: J23; J78. ; We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the existence of substitution of employment across times of the day/week and show that legislated penalties for work at irregular hours induce firms to alter their operating schedules. The results suggest a role for such penalties in an unregulated labor market, such as the United States, in which unusually large fractions of work are performed at night and on weekends. ; We thank the Barcelona GSE Research Network, the Government of Catalonia, the IZA and the University of Texas at Austin for financial support. ; Peer reviewed
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In: Understanding Children's Work Programme Working Paper
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Working paper
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We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the existence of substitution of employment across times of the day/week and show that legislated penalties for work at irregular hours induce firms to alter their operating schedules. The results suggest a role for such penalties in an unregulated labor market, such as the United States, in which unusually large fractions of work are performed at night and on weekends.
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In: IZA Discussion Paper No. 3076
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Working paper
In: IZA Discussion Paper No. 15690
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In: Journal of political economy, Band 102, Heft 2, S. 395
ISSN: 0022-3808
We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the existence of substitution of employment across times of the day/week and show that legislated penalties for work at irregular hours induce firms to alter their operating schedules. The results suggest a role for such penalties in an unregulated labor market, such as the United States, in which unusually large fractions of work are performed at night and on weekends.
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In: The annals of the American Academy of Political and Social Science, Band 178, Heft 1, S. 123-128
ISSN: 1552-3349