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Estimating the Wage Elasticity of Labour Supply to a Firm : What Evidence is There for Monopsony?

Booth, Alison L. - 2010

In this paper we estimate the elasticity of the labour supply to a firm, using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. Estimation of this elasticity is of particular interest not only in its own right but also because of its relevance to the debate about...

Persistent link: https://www.econbiz.de/10013138270

Wage Determination and Imperfect Competition

Booth, Alison L. - 2014

A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...

Persistent link: https://www.econbiz.de/10013056654

Education, Market Rigidities and Growth

Aghion, Philippe; Askenazy, Philippe; Bourlès, Renaud; … - 2021

This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...

Persistent link: https://www.econbiz.de/10013316704

Monetary Persistence, Imperfect Competition, and Staggering Complementarities

Merkl, Christian; Snower, Dennis J. - 2021

This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of quantitative inertia, after discussing...

Persistent link: https://www.econbiz.de/10013316832

The Design of Insurance Coverage for Medical Products Under Imperfect Competition

Bardey, David - 2015

This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation are considered. The insurance contract specifies...

Persistent link: https://www.econbiz.de/10013028181

Energy Price Shocks and the Demand for Energy-Efficient Housing : Evidence from Russia's Invasion of Ukraine

Braakmann, Nils; Dursun, Bahadir; Pickard, Harry - 2023

How do private consumers adapt to changes to energy prices, in particular do they invest in energy-saving measures? We study this question in the context of the rapid rise in energy prices caused by the Russian invasion of Ukraine in February 2022 and the demand for energy efficiency in the UK...

Persistent link: https://www.econbiz.de/10014260823

On the Reversibility of Structural Reforms

Campos, Nauro F. - 2012

What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel evidence showing that (a) FDI inflows reduce the...

Persistent link: https://www.econbiz.de/10013106946

Financial Liberalization and Democracy : The Role of Reform Reversals

Campos, Nauro F. - 2009

The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...

Persistent link: https://www.econbiz.de/10013157255

Deregulation in a Time of Pandemic : Does Pollution Increase Coronavirus Cases or Deaths?

Persico, Claudia - 2020

The COVID-19 virus, also known as the coronavirus, is currently spreading around the world. While a growing literature suggests that exposure to pollution can cause respiratory illness and increase deaths among the elderly, little is known about whether increases in pollution could cause...

Persistent link: https://www.econbiz.de/10012834484

Employment Outcomes and the Interaction between Product and Labor Market Deregulation : Are They Substitutes or Complements?

Fiori, Giuseppe - 2007

countries over the period 1980-2002, we present evidence that product market deregulation is more effective at the margin when … labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor … market deregulation. We show that these results are mostly consistent with the basic predictions of a standard bargaining …

Persistent link: https://www.econbiz.de/10012777020

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