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A new specification for aggregate employment in the UK

Bhaskar, V.; (1992) A new specification for aggregate employment in the UK. European Economic Review , 36 (2) pp. 1223-1233. 10.1016/0014-2921(92)90028-U.

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Abstract

This paper derives and estimates a new specification for aggregate employment on U.K. data, which is to be preferred to existing alternatives on grounds of its empirical performance and theoretical consistency. It provides new estimates of key parameters – both the wage elasticity of labour demand and lags in employment adjustment are found to be significantly lower than existing estimates.

Type: Article
Title: A new specification for aggregate employment in the UK
DOI: 10.1016/0014-2921(92)90028-U
Publisher version: http://dx.doi.org/10.1016/0014-2921(92)90028-U
Language: English
Keywords: JEL classification: E24. Employment, wage
UCL classification: UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics
URI: http://discovery.ucl.ac.uk/id/eprint/15489
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