Ungleichgewichte auf dem schweizerischen Arbeitsmarkt. Eine ökonometrische Modellschätzung

Peter Stalder

Swiss Journal of Economics and Statistics (SJES), 1994, vol. 130, issue III, 445-463

Abstract: 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.

Date: 1994
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sjes.ch/papers/1994-III-11.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ses:arsjes:1994-iii-11

Access Statistics for this article

Swiss Journal of Economics and Statistics (SJES) is currently edited by Marius Brülhart

More articles in Swiss Journal of Economics and Statistics (SJES) from Swiss Society of Economics and Statistics (SSES) Contact information at EDIRC.
Bibliographic data for series maintained by Kurt Schmidheiny (mail@sgvs.ch).