Arbeitspapier
Labor Demand Responses to Changing Gas Prices
In course of the current energy crisis, the consequences of increasing gas prices are heavily discussed. To date, however, there is no evidence of the impact of gas prices on the labor market. Using administrative employment data from 2012–2020, we find for manufacturing establishments a gas price elasticity of labor demand of −0.02, likely reflecting a scale effect. We also show that a rise in the gas price leads to an increase in establishment closure. A negative impact of the gas price on wages of 2 percent is consistent with rent-sharing.
- Sprache
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 16015
- Klassifikation
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Wirtschaft
Labor Demand
Nonrenewable Resources and Conservation: Demand and Supply; Prices
- Thema
-
labor demand
gas price
elasticity
wages
establishment closure
- Ereignis
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Geistige Schöpfung
- (wer)
-
Bossler, Mario
Moog, Alexander
Schank, Thorsten
- Ereignis
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Veröffentlichung
- (wer)
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Institute of Labor Economics (IZA)
- (wo)
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Bonn
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bossler, Mario
- Moog, Alexander
- Schank, Thorsten
- Institute of Labor Economics (IZA)
Entstanden
- 2023