Authors:	Bossler, Mario Moog, Alexander Schank, Thorsten
Title:	Labor demand responses to changing gas prices
Online publication date:	12-Mar-2024
Year of first publication:	2023
Language:	english
Abstract:	In course of the current energy crisis, the consequences of increasing gas prices are heavily discussed. To date, however, there is no evidence of the impact of gas prices on the labor market. Using administrative employment data from 2012 to 2020, we find for manufacturing establishments a gas price elasticity of labor demand of −0.02, likely reflecting a scale effect. We also show that a rise in the gas price leads to an increase in establishment closure. A negative impact of the gas price on wages of 2 percent is consistent with rent-sharing.
DDC:	330 Wirtschaft 330 Economics
Institution:	Johannes Gutenberg-Universität Mainz
Department:	FB 03 Rechts- und Wirtschaftswissenschaften
Place:	Mainz
ROR:	https://ror.org/023b0x485
DOI:	http://doi.org/10.25358/openscience-10186
Version:	Published version
Publication type:	Zeitschriftenaufsatz
Document type specification:	Other
License:	CC BY
Information on rights of use:	https://creativecommons.org/licenses/by/4.0/
Journal:	The B.E. journal of economic analysis & policy 23 4
Pages or article number:	1073 1080
Publisher:	De Gruyter
Publisher place:	Berlin ; Boston, Mass.
Issue date:	2023
ISSN:	1935-1682
Publisher DOI:	10.1515/bejeap-2023-0114
Appears in collections:	DFG-491381577-H