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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/10013540828
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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/10012599164
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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/10012534827
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Monopsony power, offshoring, and a European minimum wage
Egger, Hartmut; Kreickemeier, Udo; Wrona, Jens - 2024
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
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The optimal graduated minimum wage and social welfare
Danziger, Eliav; Danziger, Leif - 2018
This paper analyzes the effects of introducing a graduated minimum wage in a model with optimal income taxation in …
Persistent link: https://www.econbiz.de/10011809929
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The dynamics of power in labor markets : monopolistic unions versus monopsonistic employers
Dodini, Samuel; Salvanes, Kjell G.; Willén, Alexander - 2021
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …
Persistent link: https://www.econbiz.de/10012745267
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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/10014444069
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The dynamics of product and labor market power : evidence from Lithuania
Ding, Ziran; Garcia-Louzao, Jose; Jouvanceau, Valentin - 2024
the other hand, we document a decline in monopsony power, as both the heterogeneity and the aggregate level of markdowns …
Persistent link: https://www.econbiz.de/10014452325
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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/10014450766
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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 … 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