Product market imperfections and employment dynamics

被引：7

作者：

Carlsson, Mikael ^{[1
]}

Eriksson, Stefan ^{[2
]}

Gottfries, Nils ^{[2
]}

机构：

[1] Sveriges Riksbank, Res Dept, Stockholm, Sweden

[2] Uppsala Univ, Dept Econ, SE-75120 Uppsala, Sweden

来源：

OXFORD ECONOMIC PAPERS-NEW SERIES | 2013年 / 65卷 / 02期

关键词：

PANEL-DATA; UNEMPLOYMENT; CONSTRAINTS; FRICTIONS; SEARCH; PRICES; TESTS;

D O I：

10.1093/oep/gps033

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

How important is imperfect competition in the product market for employment dynamics? To investigate this, we formulate a model of employment adjustment with search frictions, vacancy costs, hiring costs, and imperfect competition in the product market. From this model, we derive a structural equation for employment that we estimate on firm-level data. We find that product market demand shocks have significant and quantitatively large effects on employment. This supports a model with imperfect competition in the product market. We find no evidence that the level of unemployment in the local labour market has a direct effect on job creation in existing firms. In some specifications, we find evidence of congestion effects, i.e., that hiring is slowed down if there are many vacancies in the local labour market.

引用

页码：447 / 470

页数：24

共 25 条

[11] Market shares, financial constraints and pricing behaviour in the export market [J].