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
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 16015

Klassifikation
Wirtschaft
Labor Demand
Nonrenewable Resources and Conservation: Demand and Supply; Prices
Thema
labor demand
gas price
elasticity
wages
establishment closure

Ereignis
Geistige Schöpfung
(wer)
Bossler, Mario
Moog, Alexander
Schank, Thorsten
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2023

Handle
Letzte Aktualisierung
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

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