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Labor Input (labor + input)
Selected AbstractsBUYING VERSUS HIRING,AN INDIRECT EVOLUTIONARY APPROACHMETROECONOMICA, Issue 4 2009Siegfried K. Berninghaus ABSTRACT On a symmetric homogeneous oligopoly market with stochastic demand, firms can either hire employees or buy their labor input on a competitive labor market. Whereas the wage of hired labor does not depend on the realization of stochastic demand, the price of ,bought' labor reacts positively to product demand. We derive the equilibrium price vector to define an evolutionary process, assuming that the number of hiring firms increases when they earn more than buying firms. We then derive and discuss the stationary distribution of this stochastic adaptation process. [source] Zeitarbeit in Deutschland: Trends und PerspektivenPERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 2 2006Michael C. Burda In addition, THS can facilitate new employment for both labor market entrants and job losers. This survey examines the economic significance, the changing regulatory framework, and the recent development of the THS sector in Germany. Declining wages and rising employment shares in THS are suggestive of a safety valve for the primary labor market, especially for unskilled workers. High markups charged by THS firms despite declining relative compensation of THS workers suggest a high shadow price for this form of labor input. [source] Workfare,Warfare: Neoliberalism, "Active" Welfare and the New American Way of WarANTIPODE, Issue 5 2009Julie MacLeavy Abstract:, In recent decades, welfare reform in the USA has increasingly been based on a political imperative to reduce the number of people on welfare. This has in large part taken place through the establishment of a "workfare" state, in which the receipt of state benefits requires a paid labor input. Designed to reduce expenditure on civil social services, welfare-to-work programs have been introduced. At the same time, the restructuring of US defense provision has seen the "military,industrial complex" emerge as a key beneficiary of state expenditure. Both of these trends can be characterized, this paper argues, as manifestations of neoliberal thinking,whether in the form of the "workfarism" that is undertaken to bolster the US economy, or the "defense transformation" that has been intended to enhance US war-making capacity. While these two aspects have been analyzed in detail independently, the aim of this paper is to probe the similarities, connections and overlaps between the workfare state and the recent American emphasis on high-technology warfare,the so-called "Revolution in Military Affairs",and "defense transformation". There are, the paper argues, strong homologies to be drawn between the restructuring of the American defense and welfare infrastructures. Furthermore there are also instances where warfare and welfare are being melded together into a hybrid form "workfare,warfare", in which military service is increasingly positioned as a means of gaining welfare and, conversely, traditionally military industries are becoming involved in the area of welfare provision. The result, it is argued, is an emergent form of workfare,warfare state in the USA. [source] Non-stationary Hours in a DSGE ModelJOURNAL OF MONEY, CREDIT AND BANKING, Issue 6 2007YONGSUNG CHANG Bayesian econometrics; DSGE models; non-stationary hours The time series fit of dynamic stochastic general equilibrium (DSGE) models often suffers from restrictions on the long-run dynamics that are at odds with the data. Using Bayesian methods we estimate a stochastic growth model in which hours worked are stationary and a modified version with permanent labor supply shocks. If firms can freely adjust labor inputs, the data support the latter specification. Once we introduce frictions in terms of labor adjustment costs, the overall time series fit improves and the model specification in which labor supply shocks and hours worked are stationary is preferred. [source] | ||||||||||