Title

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

Publication Type

Journal Article

Publication Date

1979

Abstract

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.

Discipline

Business | Computer Sciences

Research Areas

Information Systems and Management

Publication

Socio-Economic Planning Sciences

Volume

13

Issue

6

First Page

297

Last Page

302

ISSN

0038-0121

Identifier

10.1016/0038-0121(79)90010-7

Publisher

Elsevier

Additional URL

http://dx.doi.org/10.1016/0038-0121(79)90010-7