Cross-Wage Elasticity of Labor Demand Measure
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A Cross-Wage Elasticity of Labor Demand Measure is a Cross-Price Elasticity of Demand Measure for labor demand and labor wage with respect to two different occupations.
- Context:
- It can be used to compare two Job Types (to see if the they are complementary jobs or competing jobs).
- It can produce a Cross-Wage Elasticity of Labor Demand Value (which can range from being a Positive Cross-Wage Elasticity to being a Negative Cross-Wage Elasticity).
- Ut can be expressed as [math]\displaystyle{ \frac{\% \Delta E (\text{job} \ a)}{\% \Delta W (\text{job} \ b)} }[/math].
- …
- Counter-Example(s)
- See: Labor Substitutability, Labor Demand Curve.