Arbeitspapier
The Own-Wage Elasticity of Labor Demand: A Meta-Regression Analysis
Firms' labor demand responses to wage changes are of key interest in empirical research and policy analysis. However, despite extensive research, estimates of labor demand elasticities remain subject to considerable heterogeneity. In this paper, we conduct a comprehensive meta-regression analysis to re-assess the empirical literature on labor demand elasticities. Building on 942 elasticity estimates from 105 different studies, we identify sources of variation in the absolute value of this elasticity. Heterogeneity due to the theoretical and empirical specification of the labor demand model, different datasets used or sectors and countries considered explains more than 80% of the variation in the estimates. We further find substantial evidence for the presence of publication selection bias, as estimates of the own-wage elasticity of labor demand are upwardly inflated.
- Sprache
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 7958
- Klassifikation
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Wirtschaft
Labor Demand
Econometric and Statistical Methods and Methodology: General
Survey Methods; Sampling Methods
- Thema
-
labor demand
wage elasticity
meta-analysis
- Ereignis
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Geistige Schöpfung
- (wer)
-
Lichter, Andreas
Peichl, Andreas
Siegloch, Sebastian
- Ereignis
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Veröffentlichung
- (wer)
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Institute for the Study of Labor (IZA)
- (wo)
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Bonn
- (wann)
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2014
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lichter, Andreas
- Peichl, Andreas
- Siegloch, Sebastian
- Institute for the Study of Labor (IZA)
Entstanden
- 2014