The Short-run Demand for Workers and Hours.
نویسندگان
چکیده
منابع مشابه
A Theoretical Model of the Short-run Demand for Production Workers
A necessary requirement of any theoretical model is that it explain to a reasonable degree of approximation empirical phenomena which are observed. One fact which has been observed so far is that the basic model introduced in ch. 2 leads to unrealistically large estimates of the production function parameter a, even under the Ireland and Smyth &rpretation of a as a measure of short-run returns ...
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Eq. (3.9)‘, which was developed in ch. 3 and estimated in ch. 4, appears to be an adequate specification of the short-run demand for production wdrkers. Both the amount of excess labor on hand and the time stream of expected future output changes appear to be significant factors in the determination of a firm’s demand for production workers. In table 4.3 the results of estimating eq. (3.9)’ for...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 1970
ISSN: 0013-0133
DOI: 10.2307/2230153