Dobbelaere, Sabien; Hirsch, Boris; Müller, Steffen; … - 2020
labour market imperfections and how labour market imperfections matter for employer wage premia. Based on representative … German plant data for the years 1999-2016, we document that labour market imperfections are the norm rather than the … exception. Wage mark-downs, that is wages below the marginal revenue product of labour rooted in employers' monopsony power, are …