several sources, we explore the relationship between wages and measures of classic and new monopsony. Micro wage data for 1993 …The market for hospital registered nurses (RNs) is often offered as an example of “classic” monopsony, while a “new …” monopsony literature emphasizes firm labor supply being upwardsloping for reasons other than market structure. Using data from …

monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins …

dynamic monopsony framework. Applying duration models to a large administrative employer–employee data set for Germany, we … natives. Under monopsonistic wage setting the estimated elasticity differential predicts a 4.7 log points wage penalty for … immigrants thereby accounting for almost the entire unexplained native-immigrant wage differential of 2.9-5.9 log points. Our …

factor behind the overall gender wage gap. On matched employer-employee data from Norway, we estimate establishment …-specific wage premiums separately for men and women, conditioning on fixed individual effects. Regressions of worker turnover on the … wage premium identify less wage elastic labour supply facing each establishment of women than that of men. Workforce gender …

, implying that firms may have wage setting power. However, these studies capture only snapshots of the parameter. We study this … Burdett-Mortensen search model. This differential wage setting power over the business cycle provides an alternative … explanation of the pro-cyclicality of wages. …

’ reservation wages. The temporary introduction of a minimum wage leads to a rise in subjects’ reservation wages which persists even … after the minimum wage has been removed. Firms are therefore forced to pay higher wages after the removal of the minimum … anomalously low utilization of subminimum wages if employers are given the opportunity of paying less than a minimum wage …

monopsonistically competitive labour markets is that labour supply to a firm is imperfectly elastic with respect to the wage rate. The … intuition is that, where workers have heterogeneous preferences or face mobility costs, firms can offer lower wages without … the labour supply to a firm. We find that the Australian wage elasticity of labour supply to a firm is around 0.71, only …