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Estimates are presented of the inverse elasticity of supply of nursing services to the individual hospital, a quantity which is a natural measure of employer market power. The estimates corresponding to employment changes taking place over one year are quite high (in the neighborhood of 0.79)...
Persistent link: https://www.econbiz.de/10012777161
the other hand, we document a decline in monopsony power, as both the heterogeneity and the aggregate level of markdowns …
Persistent link: https://www.econbiz.de/10014452325
, and a pure monopsony (one employer) reduces wages by 13 percent. A simulation shows that wages under pure monopsony could … be 47 percent lower, suggesting that employers do not use the extent of their monopsony power. Enforcing wage regulations …
Persistent link: https://www.econbiz.de/10011974378
Persistent link: https://www.econbiz.de/10012581910
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …
Persistent link: https://www.econbiz.de/10012745267
This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
Persistent link: https://www.econbiz.de/10013415467
Persistent link: https://www.econbiz.de/10001400195
of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … the extent of monopsony in the nurse labor market. In contrast to much of the prior literature, we estimate that labor …
Persistent link: https://www.econbiz.de/10012471532
This paper provides direct evidence on the extent of monopsony power in the low-wage labor market by estimating the … monopsony power in the market for nursing assistants – a result at odds with some recent other findings – adds interesting …
Persistent link: https://www.econbiz.de/10014189481
of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … the extent of monopsony in the nurse labor market. In contrast to much of the prior literature, we estimate that labor …
Persistent link: https://www.econbiz.de/10013322876