Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method

• Main Authors: BOARDMAN, A. E., MILLER, Steven M., SCHINNAR, A. P.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1979
• Subjects: Business; Computer Sciences; Labor Economics
• Online Access: https://ink.library.smu.edu.sg/sis_research/25; https://ink.library.smu.edu.sg/context/sis_research/article/1024/viewcontent/Efficient_Employment_Labor_Method_1979.pdf
• Institution: Singapore Management University

This paper presents a model for the analysis of efficient labor force participation in the U.S. economy. Ridge regression estimates of the elasticities of cohorts of labor, classified by sex and occupation, are used in conjunction with wage data to illustrate the derivation of efficient allocation o...