Labor Demand Responses to Changing Gas Prices-Reference-Cited by-同舟云学术

Labor Demand Responses to Changing Gas Prices

Published:2023-07-12 Issue:4 Volume:23 Page:1073-1080
ISSN:1935-1682
Container-title:The B.E. Journal of Economic Analysis & Policy
language:en
Short-container-title:

Author:

Bossler Mario¹,Moog Alexander²,Schank Thorsten³

Affiliation:

1. Julius-Maximilian-University Wuerzburg (JMU Wuerzburg), Institute for Employment Research (IAB), Institute of Labor Economics (IZA) and Labor and Socio-Economic Research Center of the University of Erlangen-Nuremberg (LASER) , JMU Wuerzburg, Sanderring 2, 97070 Wuerzburg , Germany

2. Johannes Gutenberg-University Mainz (JGU Mainz) , JGU Mainz, Jakob-Welder-Weg 4, 55128 Mainz , Germany

3. Johannes Gutenberg-University Mainz (JGU Mainz), Institute of Labor Economics (IZA), and Labor and Socio-Economic Research Center of the University of Erlangen-Nuremberg (LASER) , JGU Mainz, Jakob-Welder-Weg 4, 55128 Mainz , Germany

Abstract

Abstract In course of the current energy crisis, the consequences of increasing gas prices are heavily discussed. To date, however, there is no evidence of the impact of gas prices on the labor market. Using administrative employment data from 2012 to 2020, we find for manufacturing establishments a gas price elasticity of labor demand of −0.02, likely reflecting a scale effect. We also show that a rise in the gas price leads to an increase in establishment closure. A negative impact of the gas price on wages of 2 percent is consistent with rent-sharing.

Publisher

Walter de Gruyter GmbH

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1515/bejeap-2023-0114/pdf

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