Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method
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...
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Institutional Knowledge at Singapore Management University
1979
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sg-smu-ink.sis_research-10242019-03-18T02:17:03Z Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method BOARDMAN, A. E. MILLER, Steven M. SCHINNAR, A. P. 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 of labor cohorts in five economic sectors. These efficient constructs are compared with actual census data for 1960 and 1970. The results, while tentative, show a trend toward more efficient utilization of labor and greater participation by women in the work force. 1979-07-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sis_research/25 info:doi/10.1016/0038-0121(79)90010-7 https://ink.library.smu.edu.sg/context/sis_research/article/1024/viewcontent/Efficient_Employment_Labor_Method_1979.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Computing and Information Systems eng Institutional Knowledge at Singapore Management University Business Computer Sciences Labor Economics |
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Business Computer Sciences Labor Economics BOARDMAN, A. E. MILLER, Steven M. SCHINNAR, A. P. Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method |
| description |
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 of labor cohorts in five economic sectors. These efficient constructs are compared with actual census data for 1960 and 1970. The results, while tentative, show a trend toward more efficient utilization of labor and greater participation by women in the work force. |
| format |
text |
| author |
BOARDMAN, A. E. MILLER, Steven M. SCHINNAR, A. P. |
| author_facet |
BOARDMAN, A. E. MILLER, Steven M. SCHINNAR, A. P. |
| author_sort |
BOARDMAN, A. E. |
| title |
Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method |
| title_short |
Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method |
| title_full |
Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method |
| title_fullStr |
Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method |
| title_full_unstemmed |
Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method |
| title_sort |
efficient employment of cohorts of labor in the u.s. economy: an illustration of a method |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1979 |
| url |
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 |
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1770568853503344640 |