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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/10013145300
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/10013310210
costsassociated with a minirnumn scale of operation or for other reasons,industry equilibriumn occurs at a point where no abnormal …
Persistent link: https://www.econbiz.de/10013226940
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/10013244882
-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …Two propositions figure prominently in explanations for Britain's comparatively low growth in employment: first, the …'s employment record cannot be drawn from aggregate data …
Persistent link: https://www.econbiz.de/10012760182
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/10012764833
find no significant difference in the wages of workers in Miami relative to its control after 1980. We also show that by …
Persistent link: https://www.econbiz.de/10013010285
We study the short-term trajectories of employment, hours worked, and real wages of immigrants in Canada and the U … growth in employment and wages in the U.S. than in Canada. We further compare longitudinal and cross-sectional trajectories …
Persistent link: https://www.econbiz.de/10013014672
, we find increases in wages, employment and firm-creation, especially in high-skilled manufacturing and knowledge … increased their employment within 20 minutes of commuting time from the border by four to five percentage points. The increased … inflow was constituted of highly-educated workers and it was associated with an increase in wages for highly-educated Swiss …
Persistent link: https://www.econbiz.de/10013019866
women's real wages. The experience of the 1970's suggests, however, that real wage growth cannot account for the increase In … participation decisions is the level of uncertainty associated with expectations of future wages, and that high levels of …
Persistent link: https://www.econbiz.de/10012777144