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.

    More about this item

    Keywords

    Labor Demand; Aging; Adjustment Costs;

    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.

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

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.