reduces the monopsony power of firms. …

sector, as well as set wages. Workers engage in both off the job and on the job search. We estimate the model using Brazilian …

hygienists' activities by dentists. Since there are elements of monopsony in the market we examine, we use the model as a guide …

shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for … wages in every state of the market. Consequently, workers always quit to firms paying a higher wage and so move efficiently …

Recent work on the economic effects of minimum wages has stressed that the standard economic model, where increases in … minimum wages depress employment, is not supported by the empirical findings in some labour markets. In this paper we present … a theoretical framework which is general enough to allow minimum wages to have the conventional negative impact on …

constant at initial wages. Such a shock reduces total employment in the primary sector, as the equilibrium increase in skilled …

monopsony power. Distance and worse municipal characteristics strongly decrease acceptance rates but higher wages help bridge … financial incentives in attracting a larger and more qualified pool of applicants, (ii) the elasticity of the labor supply … fill vacancies, as well as the role of wages in helping fill positions in less attractive municipalities. A theoretical …

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 … supply to individual hospitals is quite inelastic, with short-run elasticity around 0.1. We also find that non-VA hospitals …