In search of labor demand

We propose and estimate a novel specification of labor demand which encompasses search frictions and the role of entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the wage elasticity of employment demand to be close to -1 at the industry-city level and...

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Bibliographic Details
Main Authors: Beaudry, P, Green, D, Sand, B
Format: Journal article
Published: American Economic Association 2018