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Replication data for: In Search of Labor Demand

Resource Type
  • Beaudry, Paul
  • Green, David A.
  • Sand, Ben M.
Publication Date
  • Abstract

    We propose and estimate a novel specification of labor demand which encompasses search frictions and the role of entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the wage elasticity of employment demand to be close to -1 at the industry-city level and -0.3 at the city level. We argue that the difference between these estimates reflects the congestion externalities predicted by the search literature. Our estimates also indicate that entrepreneurship should be treated as a scarce factor in the determination of labor demand. We use our estimates to evaluate the impact of large changes in the minimum wage on employment.
  • Is supplement to
    DOI: 10.1257/aer.20141374 (Text)
  • Beaudry, Paul, David A. Green, and Ben M. Sand. “In Search of Labor Demand.” American Economic Review 108, no. 9 (September 2018): 2714–57.
    • ID: 10.1257/aer.20141374 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Beaudry, Paul; Green, David A.; Sand, Ben M. (2018): Replication data for: In Search of Labor Demand. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.