An Econometric Model of the Short-run Demand for Workers and Hours in the U.S. Auto Industry.
J Econometrics North-holland 1982 Aug; 22(3):301-316
Based on the labor hoarding theory and the koyck-type adjustment mechanism, a model of the short-run demand for workers and hours in the U.S. auto industry is developed and estimated using Michigan and U.S. data, respectively. Statistical tests of the model structure are then conducted to confirm the theoretical specifications.
J. Econometrics, North-holland, V. 22, No. 3, August 1982, PP. 301- 316