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Ungleichgewichte auf dem schweizerischen Arbeitsmarkt. Eine ökonometrische Modellschätzung


  • Peter Stalder


This paper presents an econometric disequilibrium model for Switzerland. Firms' decisions on production capacity, output and labor demand are analyzed in a vintage framework. The specification of labor supply allows for intertemporal substitution. The macro relationships take into account that demand/supply ratios may differ across micro markets (structural mismatch). The estimated model implies that the corresponding structural component of unemployment has increased over time. However, the recent surge in unemployment is mainly caused by decreasing aggregate demand. Intertemporal substitution of labor supply turns out to be weak. In contrast to earlier recessions, the downturn in labor demand is reflected to a much greater extent in official unemployment statistics.

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  • Peter Stalder, 1994. "Ungleichgewichte auf dem schweizerischen Arbeitsmarkt. Eine ökonometrische Modellschätzung," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 130(III), pages 445-463, September.
  • Handle: RePEc:ses:arsjes:1994-iii-11

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    References listed on IDEAS

    1. Michael Gerfin, 1994. "Income Distribution, Income Inequality and Life Cycle Effects - A Nonparametric Analysis for Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 130(III), pages 509-522, September.
    2. Lars Osberg, 1998. "Economic Insecurity," Discussion Papers 0088, University of New South Wales, Social Policy Research Centre.
    3. Paglin, Morton, 1975. "The Measurement and Trend of Inequality: A Basic Revision," American Economic Review, American Economic Association, vol. 65(4), pages 598-609, September.
    4. Jenkins, S., 1988. "The Measurement Of Economic Inequality," Papers 170, Australian National University - Department of Economics.
    5. Pudney, Stephen, 1993. "Income and Wealth Inequality and the Life Cycle: A Non-parametric Analysis for China," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(3), pages 249-276, July-Sept.
    6. Wolfgang HAERDLE & Marlene MUELLER, "undated". "Applied nonparametric smoothing techniques," Statistic und Oekonometrie 9303, Humboldt Universitaet Berlin.
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