How comparable are labor demand elasticities across countries?
Labor demandElasticity (Economics)Labor marketLabor supply
Even accounting for the large variance induced by different estimation techniques, one probably cannot say much about the flexibility of different labor markets based on comparisons of the estimated elasticity of demand. Colombia, for example, which has severe restrictions on firing workers, has much higher long-run wage elasticities than Chile, which has no such restrictions.
Writing a summary for young readers…
For young readers
Book data: Open Library