Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - 2024
We develop a labor demand model that encompasses pre‑match hiring cost arising from tight labor markets. Through …, we find that the individual‑firm wage elasticity of labor demand reduces from ‑0.7 to ‑0.5 at the … empirical ex‑post evaluations. Moreover, the doubling of tightness between 2012 and 2019 led to a significant slowdown in …