Jahn, Elke; Hirsch, Boris; Schnabel, Claus - Verein für Socialpolitik - VfS - 2014
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using German administrative linked employer--employee data for the years 1985--2010 and an estimation framework based on duration models, we construct a time series of the firm-level...