AN ECONOMETRIC ANALYSIS OF FLUCTUATIONS IN AGGREGATE LABOR SUPPLY AND DEMAND
AN ECONOMETRIC ANALYSIS OF FLUCTUATIONS IN AGGREGATE LABOR SUPPLY AND DEMAND
复制标题
劳动力供需总量波动的计量经济学分析
DOI：
10.2307/1911074
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发表时间：
1988
期刊：
影响因子：
6.1
通讯作者：
John Kennan
中科院分区：
文献类型：
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作者：
John Kennan
本文包含劳动力市场的均衡模型。供给函数允许根据工资波动进行时间替代，而需求函数则允许调整成本。强调了两个相关问题：供给和需求函数的识别，以及就业和实际工资序列相关性的来源。当供需冲击为 AR(1) 过程时，就业和实际工资的均衡过程为受限 VAR(2) 过程。仅使用就业和实际工资数据（本地）确定供给和需求函数。使用 1948-71 年美国数据提供了一个说明性应用。计量经济学会版权所有 1988。
This paper contains an equilibrium model of the labor market. The supply function allows f or temporal substitution in response to wage fluctuations, and the de mand function allows for adjustment costs. Two related issues are emp hasized: identification of supply and demand functions, and sources o f serial correlation in employment and real wages. When the supply an d demand shocks are AR(1) processes, the equilibrium process for empl oyment and real wages is a restricted VAR(2). The supply and demand f unctions are (locally) identified using only employment and real wage data. An illustrative application is presented, using U.S. data for 1948-71. Copyright 1988 by The Econometric Society.