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Why have the real (consumption) wages of U.S. workers risen since the nineteenth century? Some economists answer that increases in real wages have followed increases in labor productivity over time. In this paper, this hypothesized association is confronted with annual observations of changes in...
Persistent link: https://www.econbiz.de/10015074507
imply that frictions help explain minimum wage effects. -- minimum wage ; labor market flows ; monopsony ; Bayesian …
Persistent link: https://www.econbiz.de/10009310198
distribution which allows the effects of firm market power to vary across the earnings distribution. -- monopsony …
Persistent link: https://www.econbiz.de/10009730795
We use panel data models to examine variations and changes in faculty employment at four-year colleges and universities in the United States. The share of part-time faculty among total faculty has continued to grow during the last two decades, while the share of full-time lecturers and...
Persistent link: https://www.econbiz.de/10011427843
Around 1870 the U.S. had no research universities of note, while today it accounts for the largest number in the world. Many accounts attribute this transformation to events surrounding World War II. In contrast, this paper traces its origins to reforms that began in the 1870s. We first explain...
Persistent link: https://www.econbiz.de/10012210417
Using data from three waves of Add Health we find that being very attractive reduces a young adult's (ages 18-26) propensity for criminal activity and being unattractive increases it for a number of crimes, ranging from burglary to selling drugs. A variety of tests demonstrate that this result...
Persistent link: https://www.econbiz.de/10003301665
that firm's monopsony power affects negatively the earnings of its workers and firm's total factor productivity is … considerably associated with higher earnings, ceteris paribus. We also find that firms use monopsony power for wage differentiation …
Persistent link: https://www.econbiz.de/10011543455
Using administrative data for West Germany, this paper investigates whether part of the urban wage premium stems from fierce competition in thick labour markets. We first establish that employers possess less wage-setting power in denser markets. Local differences in wage-setting power predict...
Persistent link: https://www.econbiz.de/10011449766
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
Persistent link: https://www.econbiz.de/10011480762
This paper summarizes the results of nearly a dozen new papers presented at the Sundance Conference on Monopsony in …, study various aspects of monopsony and failures of competition in labor markets. It also reports on the new developments in …
Persistent link: https://www.econbiz.de/10012703105