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Tax Curvature
Hummel, Albert Jan - 2021
In a Mirrleesian environment, a monopsonist sets hourly wages and individuals choose how many hours to work. Labor market outcomes do not only depend on the level and slope of the income tax function, but also on its curvature. A more concave tax schedule raises the elasticity of labor supply,...
Persistent link: https://www.econbiz.de/10012657926
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The Dynamics of Power in Labor Markets: Monopolistic Unions versus Monopsonistic Employers
Dodini, Samuel; Salvanes, Kjell; Willén, Alexander L.P. - 2021
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the … of unions as alleviating market failures induced by imperfect competition. To validate our findings and examine …
Persistent link: https://www.econbiz.de/10013177529
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Firm Training
Black, Dan A.; Skipper, Lars; Smith, Jeffrey A. - 2023
Workers acquire skills through formal schooling, through training provided by governments, and through training provided by firms. This chapter reviews, synthesizes, and augments the literature on the last of these, which has languished in recent years despite the sizable contribution of firm...
Persistent link: https://www.econbiz.de/10014290178
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Labor Market Competition and Inequality
Garcia-Louzao, Jose; Ruggieri, Alessandro - 2023
Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower …
Persistent link: https://www.econbiz.de/10014469748
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Monopsony Makes Firms Not Only Small but Also Unproductive: Why East-Germany Has Not Converged
Bachmann, Ruediger; Bayer, Christian; Stüber, Heiko; … - 2022
When employers face a trade-off between growing large and paying low wages—that is, when they have monopsony power … with labor market monopsony, product market power, and customer acquisition matching these features of the data predicts 10 …
Persistent link: https://www.econbiz.de/10013353363
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How Do Firms Respond to Unions?
Dodini, Samuel; Stansbury, Anna; Willén, Alexander - 2023
monopsony power. …
Persistent link: https://www.econbiz.de/10014469564
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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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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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Call my Rep! How Unions Overcame the Free-Rider Problem
Murphy, Richard - 2017
This paper proposes an explanation of why union membership has been increasing in some occupations, despite the opportunity to freeride on traditional union benefits. I model membership as legal insurance whose demand increases with the perceived risk of allegations. Using media reports on...
Persistent link: https://www.econbiz.de/10011615917
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Minimum Wage and Firm Variety
Jha, Priyaranjan; Rodríguez López, Antonio - 2021
Exploiting minimum-wage variation within multi-state commuting zones, we document a negative relationship between minimum wages and firm variety in the U.S. restaurant and retail-trade industries. To explain this finding, we construct a heterogeneous-firm model with a monopsonistic labor market...
Persistent link: https://www.econbiz.de/10012658018