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Labor Market Dynamics in the U.S. Food Sector

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  • David R. Lee

Abstract

A simultaneous equation model is estimated to explain labor market phenomena (including wages, employment, and labor productivity) and food prices at manufacturing and retail levels of the U.S. food industry. Dynamic simulation results show that endogenizing input costs in a fully specified markup-pricing model leads to a complex long-run pattern of food price determination. Wage determination is found to play a central role linking general price levels to food sector prices and labor market behavior. Energy price changes are shown to significantly affect food prices. Food sector labor productivity is found to decline in response to exogenous commodity price shocks.

Suggested Citation

  • David R. Lee, 1988. "Labor Market Dynamics in the U.S. Food Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 90-102.
    • Handle: RePEc:oup:ajagec:v:70:y:1988:i:1:p:90-102.
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    File URL: http://hdl.handle.net/10.2307/1241979
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    Cited by:

    1. Uri, Noel D., 1996. "Changing crude oil price effects on US agricultural employment," Energy Economics, Elsevier, vol. 18(3), pages 185-202, July.
    2. Uri, Noel D., 1996. "Crude-oil price volatility and agricultural employment in the USA," Applied Energy, Elsevier, vol. 54(4), pages 355-373, August.

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