紧缩劳动力市场下的劳动力需求
Labor Demand on a Tight Leash
AI总结：
本文通过新工具研究劳动力市场紧缩对劳动力需求的影响，发现劳动力紧缩导致企业雇员减少5%，并使劳动力需求的工资弹性从-0.7降至-0.5，预聘成本占年工资支付的40%。
摘要：
我们开发了一个涵盖紧缩劳动力市场前聘成本的劳动力需求模型。通过该模型，我们利用新工具研究劳动力市场紧缩对企业劳动力需求的影响，发现劳动力紧缩程度加倍会使企业雇员减少5%。考虑到由此产生的搜索外部效应，企业劳动力需求的工资弹性从-0.7降至-0.5，通过再分配效应。根据我们的结果，预聘成本占年工资支付的40%。
英文摘要：
We develop a labor demand model that encompasses pre-match hiring cost arising from tight labor markets. Through the lens of the model, we study the effect of labor market tightness on firms' labor demand by applying novel shift-share instruments to the universe of German firms. In line with theory, we find that a doubling in tightness reduces firms' employment by 5 percent. Taking into account the resulting search externalities, the wage elasticity of firms' labor demand reduces from -0.7 to -0.5 through reallocation effects. In light of our results, pre-match hiring cost amount to 40 percent of annual wage payments.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
