Firm entry, endogenous wage moderation, and labor market dynamics

IF 2.8 2区经济学 Q1 ECONOMICS

European Economic Review Pub Date : 2025-02-01 DOI:10.1016/j.euroecorev.2024.104939

Andrea Colciago , Stefano Fasani , Lorenza Rossi

引用次数: 0

Abstract

Profit-seeking is a key driver of new business creation, which, in turn, significantly influences unemployment dynamics. This paper uses US data to estimate the joint responses of firm entry, profits, unemployment, hours worked, and other aggregates to commonly studied supply shocks. Our analysis finds a positive correlation between firm entry, profits, and total hours worked, alongside a negative correlation with the unemployment rate. We develop and estimate a general equilibrium model that captures these dynamics.

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企业进入、内生工资调节与劳动力市场动态

逐利是新企业创造的关键驱动力，而新企业创造反过来又对失业动态产生重大影响。本文使用美国的数据来估计企业进入、利润、失业、工作时间和其他总和对通常研究的供给冲击的共同反应。我们的分析发现，企业进入、利润和总工作时间之间呈正相关，而与失业率呈负相关。我们开发并估计了一个捕获这些动态的一般均衡模型。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Economic Review ECONOMICS-

CiteScore

4.70

自引率

3.60%

发文量

170

期刊介绍： The European Economic Review (EER) started publishing in 1969 as the first research journal specifically aiming to contribute to the development and application of economics as a science in Europe. As a broad-based professional and international journal, the EER welcomes submissions of applied and theoretical research papers in all fields of economics. The aim of the EER is to contribute to the development of the science of economics and its applications, as well as to improve communication between academic researchers, teachers and policy makers across the European continent and beyond.