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来源类型Working Paper
规范类型报告
DOI10.3386/w28643
来源IDWorking Paper 28643
Labor Rationing
Emily Breza; Supreet Kaur; Yogita Shamdasani
发表日期2021-04-05
出版年2021
语种英语
摘要This paper measures excess labor supply in equilibrium. We examine hiring shocks—which employ 24% of the labor force in external month-long jobs—in Indian local labor markets. In peak months, wages increase instantaneously and local aggregate employment declines. In lean months, consistent with severe labor rationing, wages and aggregate employment are unchanged, with positive employment spillovers on remaining workers—indicating that over a quarter of labor supply is rationed. At least 24% of lean self-employment among casual workers occurs because they cannot find jobs. Consequently, traditional survey approaches mismeasure labor market slack. Rationing has broad implications for labor market analysis.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w28643
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586316
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GB/T 7714
Emily Breza,Supreet Kaur,Yogita Shamdasani. Labor Rationing. 2021.
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