Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower …

concave tax schedule raises the elasticity of labor supply, which boosts wages. Consequently, optimal marginal tax rates for …In a Mirrleesian environment, a monopsonist sets hourly wages and individuals choose how many hours to work. Labor …

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 …

Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a …,638 individuals over 6 years totalling 69,122 observations. The estimated wage elasticity after controlling for individual …

in the supply of homogenous workers can increase wages. Second, even though all workers are identical in terms of skills … or productivity, a discrimination equilibrium exists in which a group of majority workers are paid higher wages than a … group of minority workers. Third, minimum wages can reduce such discrimination and increase employment. We discuss how these …

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 …

1976. I find that regional wages decline between 1962 and 1968, before returning to their pre-shock level 15 years after …. While regional wages recovered, this particular supply shock had persistent distributional effects. By increasing the …

The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and … unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …