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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/10012545131

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/10012595290

Recruitment in a monopsonistic labour market : will travel costs be reimbursed?

Rouwendal, Jan; Ommeren, Jos van - 2008 - This version: 3-9-2008

Reimbursement of commuting costs by employers has attracted little attention from economists. We develop a theoretical model of a monopsonistic employer who determines an optimal recruitment policy in a spatial labour market with search frictions and show that partial reimbursement of commuting...

Persistent link: https://www.econbiz.de/10011372498

Catching hipo's : screening, wages and unemployment

Janssen, Maarten C. W. - 2000

In this paper, I study the wage a firm sets to attract high abilityworkers (hipo's) in situationsof unemployment. I show that the higher unemployment, the larger afirm's incentives to sorthigh and low ability workers. Moreover, workers will signal their(high) ability in situationsof (high)...

Persistent link: https://www.econbiz.de/10011303310

Spatial heterogeneity and the wage curve revisited

Longhi, Simonetta; Nijkamp, Peter; Poot, Jacques - 2004

Most "wage curve" studies treat local labour markets as independent "islands" in the national economy. However, when a local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to lower pay rates if employers fear outward migration...

Persistent link: https://www.econbiz.de/10011335216