tag:blogger.com,1999:blog-7539577136486286096.post2618307063876615833..comments2024-03-28T02:46:41.090-05:00Comments on Supply and Demand (in that order): Odd Niche EmploymentCasey B. Mulliganhttp://www.blogger.com/profile/03317454408275318282noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7539577136486286096.post-39206904068411179412010-08-12T15:09:55.119-05:002010-08-12T15:09:55.119-05:00Is it just a coincidence that construction workers...Is it just a coincidence that <a href="http://research.stlouisfed.org/fred2/series/ILCONSN" rel="nofollow">construction workers in Illinois</a> enjoy their odd niche at exactly the time they are available to work, rather than, say, December-March?<br /><br /><a href="http://economistsview.typepad.com/economistsview/2010/08/it-such-a-silly-analysis.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FKupd+%28Economist%27s+View+%28typepad%2FKupd%29%29" rel="nofollow">Duy</a> is wondering whether you had a real summer job?marmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-7539577136486286096.post-60326391626404934202010-08-12T11:58:16.612-05:002010-08-12T11:58:16.612-05:00I think it is problematic that you use a graph sho...I think it is problematic that you use a graph showing the ratio of jobs held by age groups. Imagine a model in which each month employers fire all their employees and randomly hire new ones from the pool of applicants, without adding or removing any positions to the total. In that model, the ratio of jobs held by teens will of course go up when more teens apply. But that doesn't indicate that increasing the supply of labor increases the number of jobs, just that the composition shifts. Keynesian theory is about aggregate employment.TGGPhttps://www.blogger.com/profile/11017651009634767649noreply@blogger.com