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Labor Utilization and Nonwage Labor Costs in a Disequilibrium Macro Framework

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  • Entorf, Horst
  • Konig, Heinz
  • Pohlmeier, Winfried

Abstract

The literature on labor utilization and nonwage labor costs is extended to incorporate recent approaches to macroeconomic disequilibrium modeling based on the "smoothing by aggregation" principle. This leads to a reformulation of the basic Sneessens-Dreze type model by treating employment and working hours as separate inputs. The inclusion of nonwage labor costs serves a double purpose: first, they represent a restriction in the profit-maximizing process and, second, they serve as a proxy for the fixity of labor. The results differ substantially from simulation studies that disregard the utilization of labor and the nonlinear structure of labor costs. Copyright 1992 by The editors of the Scandinavian Journal of Economics.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.

Volume (Year): 94 (1992)
Issue (Month): 1 ()
Pages: 71-83

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Handle: RePEc:bla:scandj:v:94:y:1992:i:1:p:71-83

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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442

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Cited by:
  1. de la Croix, David & Fagnart, Jean-Francois, 1995. "Underemployment of production factors in a forward-looking model," Labour Economics, Elsevier, vol. 2(2), pages 131-159, June.
  2. Buscher, Herbert S. & Buslei, Hermann & Goggelmann, Klaus & Koschel, Henrike & Schmidt, Tobias F. N. & Steiner, Viktor & Winker, Peter, 2001. "Empirical macro models under test. A comparative simulation study of the employment effects of a revenue neutral cut in social security contributions," Economic Modelling, Elsevier, vol. 18(3), pages 455-474, August.
  3. Axel Börsch-Supan, 2002. "Reduction of Working Time: Does it Decrease Unemployment?," MEA discussion paper series 02003, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
  4. Franz, Wolfgang & Profit, Stefan, 1994. "Wege aus der Unterbeschäftigung im Weissbuch der EU-Kommission: Eine kritische Würdigung," Discussion Papers 15, University of Konstanz, Center for International Labor Economics (CILE).
  5. Gersbach, Hans & Haller, Hans, 2005. "Beware of Workaholics: Household Preferences and Individual Equilibrium Utility," IZA Discussion Papers 1502, Institute for the Study of Labor (IZA).
  6. Bauer, Thomas K. & Riphahn, Regina T., 1998. "Employment Effects of Payroll Taxes - An Empirical Test for Germany," IZA Discussion Papers 11, Institute for the Study of Labor (IZA).
  7. Hans Gersbach & Hans Haller, 2012. "“Hard workers” and labor restrictions," Journal of Population Economics, Springer, vol. 25(2), pages 469-494, January.
  8. Franz, Wolfgang, 1993. "Unvollkommene Arbeitsmärkte in makroökonomischen Modellen: Eine Übersicht," Discussion Papers 1, University of Konstanz, Center for International Labor Economics (CILE).
  9. Thalmaier, Anja, 1999. "Bestimmungsgründe von Fehlzeiten: Welche Rolle spielt die Arbeitslosigkeit?," IZA Discussion Papers 62, Institute for the Study of Labor (IZA).

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