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Over the last thirty years, there has been a rise in several empirical measures of local labor market monopsony power … lower monopsony wages by moving to other more competitive local labor markets featuring a higher skill price vector. We …. Monopsony markets are predicted to experience a "brain drain" over time. Using data over four decades we document this …
Persistent link: https://www.econbiz.de/10014247935
We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the …
Persistent link: https://www.econbiz.de/10014250167
have monopsony power over undocumented workers because the undocumented may find it costly to participate in the open labor …
Persistent link: https://www.econbiz.de/10014322844
We study the long-run career mobility of young immigrants, mostly refugees, from Vietnam who moved to the United States during 1989-1995. This third and final migration wave of young Vietnamese immigrants was sparked by unexpected events that culminated in the Amerasian Homecoming Act....
Persistent link: https://www.econbiz.de/10014468267
other firms. This informational advantage gives the employer an ex post monopsony power over the worker which encourages the … high, and as a result employers have limited monopsony power and are willing to supply only little training, while in … explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital …
Persistent link: https://www.econbiz.de/10012473240
administrative data from Germany and Sweden. We first conduct an event-study analysis of couples moving across commuting zones and … find that relocation increases men's earnings more than women's, with strikingly similar patterns in Germany and Sweden … using variation in norms within Germany. We then develop and estimate a model of household decision-making in which …
Persistent link: https://www.econbiz.de/10015072911
This paper builds, identifies and estimates a model of the labor market that features strategic interactions in wage setting and two-sided heterogeneity in order to shed light on the sources of wage inequality. We provide a tractable characterization of the model equilibrium and demonstrate its...
Persistent link: https://www.econbiz.de/10014544771
Recent wage growth at the bottom of the earnings distribution in the U.S. has reversed a decades-long trend of widening wage inequality. Numerous state and local minimum wage increases have overtaken an effectively non-binding federal minimum, and robust labor demand in the post-pandemic...
Persistent link: https://www.econbiz.de/10014576574
Labor market tightness following the height of the Covid-19 pandemic led to an unexpected compression in the US wage distribution that reflects, in part, an increase in labor market competition. Rapid relative wage growth at the bottom of the distribution reduced the college wage premium and...
Persistent link: https://www.econbiz.de/10014247930