; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Estimation of Dynamic Labor Demand Schedules Under Rational Expectations"; ; "batchuser@example.com"; "Sargent, Thomas J."; "Federal Reserve Bank of Minneapolis"; "A dynamic linear demand schedule for labor is estimated and tested. The hypothesis of rational expectations and assumptions about the orders of the Markov processes governing technology impose over-identifying restrictions on a vector autoregression for straight-time employment, overtime employment, and the real wage. The model is estimated by the full information maximum likelihood method. The model is used as a vehicle for re-examining some of the paradoxical cyclical behavior of real wages described in the famous Dunlop-Tarshis-Keynes exchange."^^; "1978-04"; "2019-10-22T02:07:01.489724975+00:00"^^; "https://doi.org/10.21034/sr.27"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-05-12T22:03:50.453373186+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "692"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "027"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; """Published in: _Labor economics_ (Vol. 1, 1995, pp. 209-244) Published in: _Dynamic labor demand and adjustment costs_ (1992, pp. 106-141) Published in: _Journal of Political Economy_ (Vol. 86, No. 6, December 1978, pp. 1009-1044) https://doi.org/10.1086/260726. Related paper: [Working Paper 93: Estimation of Dynamic Labor Demand Schedules Under Rational Expectations](https://researchdatabase.minneapolisfed.org/concern/publications/v405s9379?locale=en)"""^^; ; "Publication" . ; .