- Abstract:
-
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 -0.3 at the city level. We argue that the difference between these estimates reflects the congestion externalities predicted by the search literature. Our estimates also indicate that entrepreneurs...
Expand abstract - Publication status:
- Published
- Peer review status:
- Peer reviewed
- Version:
- Accepted Manuscript
- Files:
-
-
(pdf, 719.5kb)
-
- Publisher copy:
- 10.1257/aer.20141374
-
Version unsuitable
-
We have not obtained a suitable full-text for a given research output. See this page for more information.
-
Recently completed
-
Sometimes content is held in ORA but is unavailable for a fixed period of time to comply with the policies and wishes of rights holders.
-
Permissions
-
All content made available in ORA should comply with relevant rights, such as copyright. See this page for more information.
-
Clearance
-
Some thesis volumes scanned as part of the digitisation scheme funded by Dr Leonard Polonsky are currently unavailable due to sensitive material or uncleared third-party copyright content. We are attempting to contact authors whose theses are affected.
- Publisher:
- American Economic Association Publisher's website
- Journal:
- American Economic Review Journal website
- Volume:
- 108
- Issue:
- 9
- Pages:
- 2714-2757
- Publication date:
- 2018-08-31
- Acceptance date:
- 2018-01-30
- DOI:
- ISSN:
-
0002-8282
- Pubs id:
-
pubs:822140
- URN:
-
uri:8ad5a06a-9279-4d47-9b9c-e9e591107007
- UUID:
-
uuid:8ad5a06a-9279-4d47-9b9c-e9e591107007
- Local pid:
- pubs:822140
- Copyright holder:
- American Economic Association
- Copyright date:
- 2018
- Notes:
-
Copyright © 2018 AEA. This is the accepted manuscript version of the article. The final version is available online from American Economic Association at: https://doi.org/10.1257/aer.20141374
Journal article
In search of labor demand
Actions
Access Document
Why is the content I wish to access not available via ORA?
Bibliographic data (the information relating to research outputs) and full-text items (e.g. articles, theses, reports, etc.) arrive in ORA from several different sources. Unfortunately we are not able to make available the full-text for every research output.
Please contact the ORA team (
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
Content may be unavailable for the following four reasons
Alternative access to the full-text
You may be able to access the full-text directly from the publisher's website using the 'Publisher Copy' link in the 'Links & Downloads' box from a research output's ORA record page. This method may require an institutional or individual subscription to the journal/resource.
Authors
Bibliographic Details
Terms of use
Metrics
Altmetrics
Dimensions
If you are the owner of this record, you can report an update to it here: Report update to this record