IDEAS home Printed from https://ideas.repec.org/p/sie/siegen/112-03.html
   My bibliography  Save this paper

Aging in a Neoclassical Theory of Labor Demand

Author

Listed:
  • Thomas Christiaans

Abstract

This paper introduces aging of workers into the neoclassical theory of labor demand. Among other things, it is shown that under reasonable hypotheses employment, even of younger workers, increases in the span of working life. Using the standard model without aging, the analysis of such issues has not been possible up to now. The main results derived for constant returns to scale carry over to the qualitatively equivalent steady state of a model with decreasing returns to scale. Thus, constant returns to scale loose much of their special flavor. The implied age-structure of optimum employment turns out to accord well with empirical evidence.

Suggested Citation

  • Thomas Christiaans, 2003. "Aging in a Neoclassical Theory of Labor Demand," Volkswirtschaftliche Diskussionsbeiträge 112-03, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    • Handle: RePEc:sie:siegen:112-03
    as

    Download full text from publisher

    File URL: http://www.wiwi.uni-siegen.de/vwl/repec/sie/papers/112-03.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marco Runkel, 1999. "Product Durability, Solid Waste Management and Market Structure," Volkswirtschaftliche Diskussionsbeiträge 78-99, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    2. Walter Buhr, 2003. "What is infrastructure?," Volkswirtschaftliche Diskussionsbeiträge 107-03, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    3. Rüdiger Pethig, 1993. "TV-Monopoly, Advertising and Program Quality," Volkswirtschaftliche Diskussionsbeiträge 45-93, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    4. Rüdiger Pethig, 2001. "Massenmedien, Werbung und Märkte. Eine wirtschaftstheoretische Analyse," Volkswirtschaftliche Diskussionsbeiträge 100-01, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Prskawetz, Alexia & Veliov, Vladimir M., 2007. "Age-specific dynamic labor demand and human capital investment," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3741-3777, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas Christiaans, 2003. "Non-Scale Growth, Endogenous Comparative Advantages, and Industrialization," Volkswirtschaftliche Diskussionsbeiträge 113-03, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    2. Hagen Bobzin, 2002. "Fundamentals of Production Theory in International Trade. A Modern Approach Based on Theory of Duality," Volkswirtschaftliche Diskussionsbeiträge 104-02, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    3. Hagen Bobzin, 2001. "Das duale Programm der Erloesmaximierung in der Aussenhandelstheorie," Volkswirtschaftliche Diskussionsbeiträge 98-01, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    4. Hagen Bobzin, 1999. "Dualities in the Functional Representations of a Production Technology," Volkswirtschaftliche Diskussionsbeiträge 79-99, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    5. Jerzy Korczak & Dorota Janiszewska, 2022. "Diversification of Equipment in the IT Infrastructure of Enterprises in Central Pomerania in Poland," Energies, MDPI, vol. 15(23), pages 1-13, November.
    6. Yan Xin & Dongchuan Wang & Lihui Zhang & Yingyi Ma & Xing Chen & Haiqing Wang & Hongyi Wang & Kangjian Wang & Hui Long & Hua Chai & Jianshe Gao, 2022. "Cooperative analysis of infrastructure perfection and residents’ living standards in poverty-stricken counties in Qinghai Province," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(3), pages 3687-3703, March.
    7. Zulgani Zulgani & Junaidi Junaidi & Dwi Hastuti & Ernan Rustiadi & Andrea Emma Pravitasari & Fadwa Rhogib Asfahani, 2023. "Understanding the Emergence of Rural Agrotourism: A Study of Influential Factors in Jambi Province, Indonesia," Economies, MDPI, vol. 11(7), pages 1-26, June.
    8. Ignas Lukosevicius, 2020. "European Union Transport Infrastructure: Roads and Railways Subsectors Case," Eurasian Journal of Business and Management, Eurasian Publications, vol. 8(4), pages 305-318.
    9. Tyler Andrew Scott & Nicola Ulibarri & Omar Perez Figueroa, 2020. "NEPA and National Trends in Federal Infrastructure Siting in the United States," Review of Policy Research, Policy Studies Organization, vol. 37(5), pages 605-633, September.
    10. Alvin Baskoro Adhi & Fadhilah Muslim, 2023. "Development of Stakeholder Engagement Strategies to Improve Sustainable Construction Implementation Based on Lean Construction Principles in Indonesia," Sustainability, MDPI, vol. 15(7), pages 1-25, March.
    11. Mohammed Aliu Momoh, 2019. "Private Participation in Infrastructure: The Nigerian Experience," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(9), pages 1-55, September.
    12. Walter Buhr, 2009. "Infrastructure of the Market Economy," Volkswirtschaftliche Diskussionsbeiträge 132-09, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    13. Torrisi, Gianpiero, 2009. "Public infrastructure: definition, classification and measurement issues," MPRA Paper 12990, University Library of Munich, Germany.
    14. Small, Sarah F. & van der Meulen Rodgers, Yana, 2023. "The gendered effects of investing in physical and social infrastructure," World Development, Elsevier, vol. 171(C).
    15. Stefan Schönfelder, 2015. "Volks- und regionalwirtschaftliche Bedeutung von Verkehrsinfrastruktur. Schwerpunkt niederrangiges Straßennetz," WIFO Studies, WIFO, number 60556, April.
    16. Nikita Malafeev & Irina Baskakova, 2017. "Empirical Evaluation of the Contribution of Infrastructure Capital to the Development of the Region (Based on the Data of Ural Economic Region)," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 777-788.
    17. Torrisi, Gianpiero, 2009. "A multilevel analysis on the economic impact of public infrastructure and corruption on Italian regions," MPRA Paper 15487, University Library of Munich, Germany.
    18. Thomas Eichner & Marco Runkel, 2000. "Efficient and Sustainable Management of Product Durability and Recyclability," Volkswirtschaftliche Diskussionsbeiträge 88-00, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.

    More about this item

    Keywords

    Labor Demand; Aging; Adjustment Costs;
    All these keywords.

    JEL classification:

    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sie:siegen:112-03. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Gail (email available below). General contact details of provider: https://edirc.repec.org/data/fwsiede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.