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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
setting and two-sided heterogeneity in order to shed light on the sources of wage inequality. We provide a tractable … amenities and strategic interactions to equilibrium wage inequality. Using instrumental variables, we establish identification … main sources of wage inequality in Denmark …
Persistent link: https://www.econbiz.de/10014544771
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The Wage Curve After the Great Recession
Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - National Bureau of Economic Research - 2022
formation in the USA and hasn't been since the Great Recession. Instead, we show rates of under-employment (the percentage of …
Persistent link: https://www.econbiz.de/10013361977
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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 …, wages and wage inequality. Our main exercise quantifies the contribution of each channel to income inequality and wage … narrows them by two-thirds. Each counterfactual shows decreased wage inequality and increased welfare …
Persistent link: https://www.econbiz.de/10014250167
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Creating and Connecting US and China Science : Chinese Diaspora and Returnee Researchers
Xie, Qingnan; Freeman, Richard B. - National Bureau of Economic Research - 2023
The close connection between US and China in scientific research and education in the 2000s produced a large group of China-born researchers who work in the US ("diaspora") and a larger group of China-born researchers who gained US-research experience and returned to do their research in China...
Persistent link: https://www.econbiz.de/10014322694
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Time-Varying Risk Premia, Labor Market Dynamics, and Income Risk
Meeuwis, Maarten; Papanikolaou, Dimitris; Rothbaum, … - National Bureau of Economic Research - 2023
We show that time variation in risk premia leads to time-varying idiosyncratic income risk for workers. Using US administrative data on worker earnings, we show that increases in risk premia lead to lower earnings for low-wage workers; these declines are primarily driven by job separations. By...
Persistent link: https://www.econbiz.de/10014447289
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The Shift to Remote Work Lessens Wage-Growth Pressures
Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; … - National Bureau of Economic Research - 2022
The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of U.S. employers, and we develop novel...
Persistent link: https://www.econbiz.de/10013334415
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Imperfect Competition, Compensating Differentials and Rent Sharing in the U.S. Labor Market
Lamadon, Thibaut - 2019
-wage job characteristics and imperfect competition for inequality and tax policy, to assess the economic determinants of worker …
Persistent link: https://www.econbiz.de/10012479904
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The Health Wedge and Labor Market Inequality
Finkelstein, Amy; McQuillan, Casey C.; Zidar, Owen M.; … - National Bureau of Economic Research - 2023
inequality. We consider a partial-equilibrium counterfactual in which employer-provided health insurance is instead financed by a …-tax financing are in the same ballpark as estimates of the impact of other leading drivers of labor market inequality, including … market inequality …
Persistent link: https://www.econbiz.de/10014248009
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Who Set Your Wage?
Card, David E. - National Bureau of Economic Research - 2022
advances in search theory and in models of differentiated products, researchers have used a number of different strategies to …
Persistent link: https://www.econbiz.de/10012814458
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Strong Employers and Weak Employees : How Does Employer Concentration Affect Wages?
Benmelech, Efraim - 2018
increases over time; (2) consistent with labor market monopsony power, there is a negative relation between local-level employer …
Persistent link: https://www.econbiz.de/10012453407