Strategic complementarity in labor demand: Evidence from US industry leading firms

IF 2.3 3区经济学 Q2 ECONOMICS

Review of Economic Dynamics Pub Date : 2025-05-02 DOI:10.1016/j.red.2025.101289

Andrew Yizhou Liu

引用次数: 0

Abstract

This paper examines strategic complementarity in labor demand among industry-leading firms in U.S. local labor markets. Using online vacancy postings and a shift-share instrumental variable approach, I find that a 10% increase in other firms' vacancy postings reduces a firm's own postings by 5% to 8%. I identify wage adjustments and matching frictions as key channels underlying this complementarity. The findings highlight how strategic interactions among large firms shape labor market dynamics.

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劳动力需求的战略互补性：来自美国工业龙头企业的证据

本文考察了美国本地劳动力市场中行业领先企业之间劳动力需求的战略互补性。通过使用在线职位发布和轮班份额工具变量方法，我发现其他公司的职位发布每增加10%，公司自己的职位发布就会减少5%到8%。我认为工资调整和匹配摩擦是这种互补性背后的关键渠道。研究结果强调了大公司之间的战略互动如何影响劳动力市场的动态。

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

Review of Economic Dynamics ECONOMICS-

CiteScore

3.30

自引率

0.00%

发文量

期刊介绍： Review of Economic Dynamics publishes meritorious original contributions to dynamic economics. The scope of the journal is intended to be broad and to reflect the view of the Society for Economic Dynamics that the field of economics is unified by the scientific approach to economics. We will publish contributions in any area of economics provided they meet the highest standards of scientific research.