ERIC Number: ED080858
Record Type: Non-Journal
Publication Date: 1972-Jun
Reference Count: N/A
Elasticity of Demand for Labor: A Cross-Section Study of Wood Products Industries.
Dreessen, Erwin A. J.
This dissertation deals with the relationship between wages and employment in five industry classifications covering mullwork and furniture plants. Census and other data for 1958, 1963 and 1967 are used, as well as data for the three years combined. The data are on the state level. The relationship is estimated within a simultaneous equation system describing supply and demand on the labor market. Demand is specified under a cost minimization framework so that volume of output is held constant. The main finding is that of a significant and negative relationship between wages and the demand for labor in these industries. The results allow estimation of the long run effect of a wage increase on employment in an area. (Author)
Descriptors: Cost Effectiveness, Economic Research, Employment Patterns, Labor Economics, Labor Market, Labor Needs, Lumber Industry, Models, Wages
National Technical Information Service, Springfield, Va. 22151 (PB-210 520, MF $1.45, HC $3.00)
Publication Type: N/A
Education Level: N/A
Sponsor: Manpower Administration (DOL), Washington, DC. Office of Research and Development.
Authoring Institution: N/A
Identifiers - Location: California