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Monopsony Power, Income Taxation and Welfare
Hummel, Albert Jan - 2021
This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers …’ abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into … profits. Monopsony power increases the tax incidence that falls on firms. This makes labor income taxes less (more) effective …
Persistent link: https://www.econbiz.de/10013224073
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Monopsony Power, Income Taxation and Welfare
Hummel, Albert Jan - 2021
This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers …’ abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into … profits. Monopsony power increases the tax incidence that falls on firms. This makes labor income taxes less (more) effective …
Persistent link: https://www.econbiz.de/10012599215
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Wage and Employment Impact of Minimum Wage : Evidence from Lithuania
Garcia-Louzao, Jose; Tarasonis, Linas - 2022
This paper evaluates the worker-level effects of a historically large and permanent increase in the minimum wage in Lithuania. Our identification strategy leverages variation in workers’ exposure to the new minimum wage, and exploits the fact that there has been no increase in the minimum...
Persistent link: https://www.econbiz.de/10014242148
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Wage and Employment Impact of Minimum Wage: Evidence from Lithuania
Garcia-Louzao, Jose; Tarasonis, Linas - 2022
This paper evaluates the worker-level effects of a historically large and permanent increase in the minimum wage in Lithuania. Our identification strategy leverages variation in workers' exposure to the new minimum wage, and exploits the fact that there has been no increase in the minimum wage...
Persistent link: https://www.econbiz.de/10013470323
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The Unequal Consequences of the COVID-19 Pandemic : Evidence from a Large Representative German Population Survey
Immel, Lea; Neumeier, Florian; Peichl, Andreas - 2021
We employ panel data from three waves of a large representative population survey carried out between June and November 2020 to assess in what regards and to what extent different groups of the German population are affected by the COVID- 19 crisis. Using common factor analysis, we demonstrate...
Persistent link: https://www.econbiz.de/10013229787
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Exporting and Offshoring with Monopsonistic Competition
Egger, Hartmut - 2019
productivity, and firms with low productivities exit the market. This reduces the monopsony distortion present in autarky, where … other hand gives firms additional scope for exercising their monopsony power by reducing their domestic size, and as a …
Persistent link: https://www.econbiz.de/10012865164
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The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power
Fernández-Villaverde, Jesús; Mandelman, Federico; Yu, Yang - 2021
concentration fosters monopsony power in the labor market, magnifying profits and further enhancing high-productivity firms’ output … share. Firms want to get bigger and hire more workers, in stark contrast with the classic monopsony model, where a firm aims … to reduce the amount of labor it hires. The combination of search complementarities and monopsony power induces a strong …
Persistent link: https://www.econbiz.de/10013245629
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Minimum wage incidence: the case for Germany
Knabe, Andreas; Schöb, Ronnie - 2008
Using data from the 2006 wave of the German Socio-Economic Panel (GSOEP), this paper analyzes how a minimum wage affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a statutory minimum wage of EUR 7.50 per hour would cost...
Persistent link: https://www.econbiz.de/10010264463
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Minimum wages and their alternatives: a critical assessment
Knabe, Andreas; Schöb, Ronnie - 2008
Do minimum wages reduce in-work-poverty and wage inequality? Or can alternative policies do better? We evaluate theses issues for the exemplary case of Germany that suffers from high unemployment among low-skilled workers and rising wage dispersion at the bottom of the wage distribution. We...
Persistent link: https://www.econbiz.de/10010264515
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Asymmetric information renders minimum wages less harmful
Schöb, Ronnie; Thum, Marcel - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.
Persistent link: https://www.econbiz.de/10010264617