How elastic is labor demand? A meta-analysis for the German labor market
نویسندگان
چکیده
Abstract The own-wage elasticity of labor demand measures the effect higher wages on firms’ for and, thus, determines impact supply shocks, minimum wages, and collective wage agreements market. I carry out a comprehensive meta-analysis to shed light nature this parameter, leveraging 705 estimates from 105 studies German average is −0.43, but entails important heterogeneity: Labor turns particularly elastic low- high-skilled workers, in long run, internationally operating firms. While empirical designs that address endogeneity deliver more negative elasticities, analysis does not support any systematic differences by region or margin adjustment.
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ژورنال
عنوان ژورنال: Journal for Labour Market Research
سال: 2023
ISSN: ['2510-5019', '1867-8343', '2510-5027', '1614-3485']
DOI: https://doi.org/10.1186/s12651-023-00337-8