Showing 1 - 10 of 1,194
increase in factor prices from its response to an increase in marginal cost generated by an expansion in production. Consistent …
Persistent link: https://www.econbiz.de/10012471473
industry equilibriumn occurs at a point where no abnormal returns are …
Persistent link: https://www.econbiz.de/10012477099
This paper explores how accounting for variations in factor utilization rates alters the empirical characteristics of productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of productivity using three proxies for capital services....
Persistent link: https://www.econbiz.de/10012470243
In this paper we develop measures of economic capacity output and economic capacity utilization for firms producing multiple outputs and having one or .ore quasi-fixed inputs. Although we produce an impossibility theorem showing that based only on the assumption of cost minimization, the concept...
Persistent link: https://www.econbiz.de/10012476121
-commerce firm's fulfillment centers reduces traditional retail workers' income in geographically proximate counties by 2.4%. Wages … (employment) at proximate stores decrease by 4% (2.1%). Exits, especially of young and small stores, increase, and entry decreases …
Persistent link: https://www.econbiz.de/10013210105
opportunities for substituting wages for employment in response to a change in the slope of the employer's labor demand function …. Larger union locals place greater emphasis on wages versus employment than smaller union locals … amenable to empirical analysis. A characterization of the wage and employment-setting process in unionized markets is adopted …
Persistent link: https://www.econbiz.de/10012478241
greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …This paper argues that rigid wages cannot provide the underpinnings of a universally valid theory of the business cycle …, simply because wages are not universally rigid. Several different statistical techniques suggest that wage rates in the U …
Persistent link: https://www.econbiz.de/10012478304
This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the … employment level is controlled by firms. The firms ' superior information about profitability conditions is responsible for this … form of contract governance. Under plausible assumptions, such agreements will cause employment to diverge from efficiency …
Persistent link: https://www.econbiz.de/10012478446
literature for over thirty years. The wages and employment o typographers are examined to see whether they can be usefully … characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment and is … wages and employment of these workers compared with our more general formulation …
Persistent link: https://www.econbiz.de/10012478563
In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and … heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …
Persistent link: https://www.econbiz.de/10012463904