The employment elasticity in manufacturing: a comment on Mazumdar
指出Mazumdar提出的工资账单对产出增长的弹性估计方法以及工资增长率分解方法存在逻辑问题,认为其分解是恒等式、弹性必然为1。
We show that Mazumdar's recently proposed methods for estimating the elasticity of the wage bill with respect to output growth, and for decomposing the growth rate of the wage rate into an output effect, an employment effect, and a price effect, are problematic. The decomposition proposed is a tautology because it can be equally derived from an accounting identity. Likewise, we show that the alleged elasticity of the wage bill with respect to output growth has to take on a value of unity by definition. Copyright 2005, Oxford University Press.