Title: How comparable are labor demand elasticities across countries?
First published: 2001
Description: Even accounting for the large variance induced by different estimation techniques, one probably cannot say much about the flexibility of different labor markets based on comparisons of the estimated elasticity of demand. Colombia, for example, which has severe restrictions on firing workers, has much higher long-run wage elasticities than Chile, which has no such restrictions.
Subjects: Labor demand, Elasticity (Economics), Labor market, Labor supply
Places: Colombia, Mexico, Chile
LC classification: HG3881.5.W57