Aguilar, Giovanna; Rendon, Sílvio - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
To assess the employment effects of labor costs it is crucial to have reliable estimates of thelabor cost elasticity of labor demand. Using a matched firm-worker dataset, we estimate along run unconditional labor demand function, exploiting information on workers to correct forendogeneity in the...