Labor demand and equilibrium wage formation

Labor demand and equilibrium wage formation

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The new economics of labor demand and personnel is presented in this collection of 14 original essays. The main purpose of the volume is to bridge the existing knowledge application gap. Particular attention is paid to nonlinear labor demand dynamics and equilibrium models for job flows, search, and wage growth. At the end of each paper a comment by an expert reviewer is provided.TABLE 3 : Search and Matching Approach ARCH *z(5) heteroscedasticity *2(10) RESET (2)* F(l, 55) Chow (1983.4)* F(8, 48) forecast ... This is something of an achievement since this test is usually hard to pass and contrasts markedly with the no-adjustment-cost case. ... tp2-i 0 046 (5 1) constant -2 247 (9 8) A log N-i - A log N-2 aquot; A log N-3 -0 134 (2 9) AZ log w.1 0 075 (6 2) A4 log comp-i -0 017 (3 4) A3anbsp;...

Title:Labor demand and equilibrium wage formation
Author: J. C. van Ours, Gerard A. Pfann, Geert Ridder
Publisher:North Holland - 1993

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