The Alaskan Labor Market during the Pipeline Era
利用1974-1977年阿拉斯加输油管道建设这一大型临时性劳动力需求冲击,检验了劳动力市场在预期冲击下的工资灵活性和劳动供给弹性,发现工资高度灵活且劳动供给在集约和粗放边际上均富有弹性。
Built between 1974 and 1977, the Trans-Alaska Pipeline was the largest privately financed construction project in world history. The Alaskan labor-market during the pipeline era provides an ideal opportunity to view labor market responses to a large, anticipated, and temporary shock to labor demand. The paper presents several theoretical models of market responses to temporary demand shocks and then assesses the ability of each model to explain the Alaskan data. Among the findings are that Alaskan wages were very flexible and labor supply was quite elastic on both the intensive (hours per worker) and extensive (number of workers) margins. Copyright 1996 by University of Chicago Press.