Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model
The objective of this study is to estimate asymmetries in the labor demand across industrial sectors in Pakistan and determine whether the behavioral economic explanation can be used for the labor demand structure and low employment generation in the country. This is done by estimating own and cross...
| Main Authors: | , , , , |
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| Format: | Article |
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Economic Laboratory Transition Research Podgorica
2022
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| Online Access: | http://psasir.upm.edu.my/id/eprint/100503/ |
| _version_ | 1848863340708757504 |
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| author | Khan, Muhammad Zaheer Said, Rusmawati Hafeez, Amtul Maqsood, Naila Qadir, Farheen |
| author_facet | Khan, Muhammad Zaheer Said, Rusmawati Hafeez, Amtul Maqsood, Naila Qadir, Farheen |
| author_sort | Khan, Muhammad Zaheer |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The objective of this study is to estimate asymmetries in the labor demand across industrial sectors in Pakistan and determine whether the behavioral economic explanation can be used for the labor demand structure and low employment generation in the country. This is done by estimating own and cross-wage elasticities of labor demand for workers categories in 3 different skill levels. Frictional panel Probit estimates indicate that the labor demand structure and low employment generation can be explained in terms of endowment effect and risk averting behavior of the country's industrial sectors. |
| first_indexed | 2025-11-15T13:31:22Z |
| format | Article |
| id | upm-100503 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:31:22Z |
| publishDate | 2022 |
| publisher | Economic Laboratory Transition Research Podgorica |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1005032023-11-24T09:14:54Z http://psasir.upm.edu.my/id/eprint/100503/ Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model Khan, Muhammad Zaheer Said, Rusmawati Hafeez, Amtul Maqsood, Naila Qadir, Farheen The objective of this study is to estimate asymmetries in the labor demand across industrial sectors in Pakistan and determine whether the behavioral economic explanation can be used for the labor demand structure and low employment generation in the country. This is done by estimating own and cross-wage elasticities of labor demand for workers categories in 3 different skill levels. Frictional panel Probit estimates indicate that the labor demand structure and low employment generation can be explained in terms of endowment effect and risk averting behavior of the country's industrial sectors. Economic Laboratory Transition Research Podgorica 2022-10 Article PeerReviewed Khan, Muhammad Zaheer and Said, Rusmawati and Hafeez, Amtul and Maqsood, Naila and Qadir, Farheen (2022) Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model. Montenegrin Journal of Economics, 18 (4). 31 - 37. ISSN 1800-5845; ESSN: 1800-6698 https://mnje.com/Archive/2022/Vol.%2018,%20No.%204 10.14254/1800-5845/2022.18-4.3 |
| spellingShingle | Khan, Muhammad Zaheer Said, Rusmawati Hafeez, Amtul Maqsood, Naila Qadir, Farheen Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model |
| title | Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model |
| title_full | Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model |
| title_fullStr | Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model |
| title_full_unstemmed | Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model |
| title_short | Asymmetries in the labor demand in Pakistan: estimating own and cross wage elasticities using frictional probit model |
| title_sort | asymmetries in the labor demand in pakistan: estimating own and cross wage elasticities using frictional probit model |
| url | http://psasir.upm.edu.my/id/eprint/100503/ http://psasir.upm.edu.my/id/eprint/100503/ http://psasir.upm.edu.my/id/eprint/100503/ |