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A Human Capital Theory of Who Escapes the Grasp of the Local Monopsonist
Kahn, Matthew E.; Tracy, Joseph S. - National Bureau of Economic Research - 2023
Over the last thirty years, there has been a rise in several empirical measures of local labor market monopsony power … lower monopsony wages by moving to other more competitive local labor markets featuring a higher skill price vector. We …. Monopsony markets are predicted to experience a "brain drain" over time. Using data over four decades we document this …
Persistent link: https://www.econbiz.de/10014247935
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An Anatomy of Monopsony : Search Frictions, Amenities and Bargaining in Concentrated Markets
Berger, David; Herkenhoff, Kyle; Kostøl, Andreas Ravndal; … - National Bureau of Economic Research - 2023
We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the …
Persistent link: https://www.econbiz.de/10014250167
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Monopsony, Efficiency, and the Regularization of Undocumented Immigrants
Borjas, George J.; Edo, Anthony - National Bureau of Economic Research - 2023
have monopsony power over undocumented workers because the undocumented may find it costly to participate in the open labor …
Persistent link: https://www.econbiz.de/10014322844
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Age at Immigrant Arrival and Career Mobility : Evidence from Vietnamese Refugee Migration and the Amerasian Homecoming Act
Pekkala Kerr, Sari; Kerr, William R.; Smith, Kendall E. - National Bureau of Economic Research - 2024
We study the long-run career mobility of young immigrants, mostly refugees, from Vietnam who moved to the United States during 1989-1995. This third and final migration wave of young Vietnamese immigrants was sparked by unexpected events that culminated in the Amerasian Homecoming Act....
Persistent link: https://www.econbiz.de/10014468267
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An Empirical Framework For Matching With Imperfect Competition
Chan, Mons; Kroft, Kory; Mattana, Elena; Mourifié, Ismael - National Bureau of Economic Research - 2024
This paper builds, identifies and estimates a model of the labor market that features strategic interactions in wage setting and two-sided heterogeneity in order to shed light on the sources of wage inequality. We provide a tractable characterization of the model equilibrium and demonstrate its...
Persistent link: https://www.econbiz.de/10014544771
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Voluntary Minimum Wages
Derenoncourt, Ellora; Weil, David - National Bureau of Economic Research - 2024
Recent wage growth at the bottom of the earnings distribution in the U.S. has reversed a decades-long trend of widening wage inequality. Numerous state and local minimum wage increases have overtaken an effectively non-binding federal minimum, and robust labor demand in the post-pandemic...
Persistent link: https://www.econbiz.de/10014576574
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The Unexpected Compression : Competition at Work in the Low Wage Labor Market
Autor, David H.; Dube, Arindrajit; McGrew, Annie - National Bureau of Economic Research - 2023
Labor market tightness following the height of the Covid-19 pandemic led to an unexpected compression in the US wage distribution that reflects, in part, an increase in labor market competition. Rapid relative wage growth at the bottom of the distribution reduced the college wage premium and...
Persistent link: https://www.econbiz.de/10014247930
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The Race Between Education, Technology, and the Minimum Wage
Vogel, Jonathan - National Bureau of Economic Research - 2023
What is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I...
Persistent link: https://www.econbiz.de/10014247949
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Local and National Concentration Trends in Jobs and Sales : The Role of Structural Transformation
Autor, David H.; Patterson, Christina; Van Reenen, John - National Bureau of Economic Research - 2023
National industrial concentration in the U.S. has risen sharply since the early 1980s, but there remains dispute over whether local geographic concentration has followed a similar trend. Using near population data from the Economic Censuses, we confirm and extend existing evidence on national...
Persistent link: https://www.econbiz.de/10014250148
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Oligopsony Power and Factor-Biased Technology Adoption
Rubens, Michael - National Bureau of Economic Research - 2022
I show that buyer power of firms could either increase or decrease their technology adoption, depending on the direction of technical change and on which input markets are imperfectly competitive. I examine this relationship empirically in a setting that features both concentrated labor markets...
Persistent link: https://www.econbiz.de/10013435148