A Dynamic Heterogeneous Labour Demand Model for German Manufacturing


Falk, Martin ; Koebel, Bertrand


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URL: http://ub-madoc.bib.uni-mannheim.de/566
URN: urn:nbn:de:bsz:180-madoc-5669
Document Type: Working paper
Year of publication: 2000
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: E23 J21 J31 ,
Subject headings (SWD): Deutschland <Westliche Länder> , Preiselastizität , Lohn , Dynamik , Fertigkeit
Abstract: This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the partial adjustment and the static AR(1) model are rejected. Furthermore, both shortrun and long-run labour demands of different skill classes are inelastic. Unskilled labour is found to have a somewhat higher wage elasticity in absolute terms than medium-skilled labour. A small part of shift in demand away from unskilled labour can be explained by the substitutability relationship between intermediate materials and unskilled labour. Between 6 and 13 percent of the observed shift towards high-skilled labour can be explained by capital accumulation.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Falk, Martin ; Koebel, Bertrand (2000) A Dynamic Heterogeneous Labour Demand Model for German Manufacturing. Open Access [Working paper]
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