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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/10012599164
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …
Persistent link: https://www.econbiz.de/10012745267
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/10012534827
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/10013540828
Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower …
Persistent link: https://www.econbiz.de/10014444069
residential areas are more likely to report discrimination because of their ethnic background. This applies to both segregated … most neighbors are immigrants from other countries of origin. The results suggest that housing discrimination rather than …
Persistent link: https://www.econbiz.de/10009389089
When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power … adverse consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that … smaller. A model with labor market monopsony, product market power, and customer acquisition matching these features of the …
Persistent link: https://www.econbiz.de/10013201697
This paper sets up a two-country model of offshoring with monopolistically competitive product and monopsonistically competitive labour markets. In our model, an incentive for offshoring exists even between symmetric countries, because shifting part of the production abroad reduces local labour...
Persistent link: https://www.econbiz.de/10014467358
We empirically test the relationship between hiring discrimination and labour market tightness at the level of the … discrimination ; ethnic discrimination ; labour market tightness ; field experiments …
Persistent link: https://www.econbiz.de/10009700309
economic costs to society of sexual-orientation discrimination were significantly more likely than those in a control group to …
Persistent link: https://www.econbiz.de/10012797735