| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12548 |
| DP12548 Effects of government spending on employment: Evidence from winners and runners-up in procurement auctions | |
| Christine Zulehner; Klaus Gugler | |
| 发表日期 | 2017-12-28 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions, and compare the employment of the winner of an auction with the employment of the second ranked firm (i.e. the runner-up firm). Assuming similar ex-ante winning probabilities for both firms, we may view winning an auction as an exogenous shock to a firm's production and its demand for labor. We utilize data from almost 900 construction firms and about 3,000 auctions in Austria in the time period 2006 until 2009. Our main results show that the winning firm significantly increases labor demand in the weeks following an auction. In the years before the recent economic crisis, it employs about 80 workers more two months after the auction than the runner-up firm. Winners predominantly fire fewer workers after winning than runner-up firms. In the crisis, however, firms do not employ more workers than their competitors after winning an auction. We discuss explanations like labor hoarding and productivity adjustments induced by the crisis for these results. |
| 主题 | Industrial Organization |
| 关键词 | Labor demand Labor hoarding Construction procurement First-price auctions Recent economic crisis |
| URL | https://cepr.org/publications/dp12548 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541359 |
| 推荐引用方式 GB/T 7714 | Christine Zulehner,Klaus Gugler. DP12548 Effects of government spending on employment: Evidence from winners and runners-up in procurement auctions. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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