Article
Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method
Socio-Economic Planning Sciences
Publication Type
Journal Article
Version
publishedVersion
Publication Date
7-1979
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
Identifier
10.1016/0038-0121(79)90010-7
Publisher
Elsevier
Creative Commons License
Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International
Additional URL
https://doi.org/10.1016/0038-0121(79)90010-7
Citation Information
A. E. BOARDMAN, Steven M. MILLER and A. P. SCHINNAR. "Efficient Employment of Cohorts of Labor in the U.S. Economy: An Illustration of a Method" Socio-Economic Planning Sciences Vol. 13 Iss. 6 (1979) p. 297 - 302 ISSN: 0038-0121 Available at: http://works.bepress.com/steve-miller/12/