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http://ssrn.com/abstract=263947
 
 

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Input Demand and the Short- And Long-Run Employment Thresholds An Empirical Analysis for the German Manufacturing Sector


Gebhard Flaig


CESifo (Center for Economic Studies and Ifo Institute); University of Munich

Horst Rottmann


University of Applied Sciences Amberg-Weiden; CESifo (Center for Economic Studies and Ifo Institute)

March 2000

CESifo Working Paper Series No. 264

Abstract:     
The concept of the "employment thresholdin the public discussion of unemployment. The employment threshold is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labour productivity. It is related to the Okun coefficient which describes the relationship between the changes of output and unemployment. Many contributions to this debate give the impression that the employment threshold is more or less a structural characteristic which remains constant over time. In this paper we derive short- and long-run employment thresholds from an input demand system and show empirically that they depend on factor prices. A moderate wage policy leads to a reduction of the output growth which is necessary for an increase in employment.

Number of Pages in PDF File: 19

JEL Classification: D24, E24, L60

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Date posted: April 4, 2001  

Suggested Citation

Flaig, Gebhard and Rottmann, Horst, Input Demand and the Short- And Long-Run Employment Thresholds An Empirical Analysis for the German Manufacturing Sector (March 2000). CESifo Working Paper Series No. 264. Available at SSRN: http://ssrn.com/abstract=263947

Contact Information

Gebhard Flaig (Contact Author)
CESifo (Center for Economic Studies and Ifo Institute) ( email )
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.cesifo.de
University of Munich
Geschwister-Scholl-Platz 1
Munich, 80539
Germany
Horst Rottmann
University of Applied Sciences Amberg-Weiden ( email )
Hetzenrichter Weg 15
D-92637 Weiden i.d. Opf
Germany
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
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