We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the … and then reproduce new reduced-form empirical relationships between market concentration, job flows, wages and wage … baseline estimation. Removing nonwage amenity dispersion narrows them by a third. Giving the next-lowest-ranked competitor a …

questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual … models. We discuss estimation, policy evaluation with the estimated model, equilibrium model versions, and the decomposition …

in the supply of homogenous workers can increase wages. Second, even though all workers are identical in terms of skills … or productivity, a discrimination equilibrium exists in which a group of majority workers are paid higher wages than a … group of minority workers. Third, minimum wages can reduce such discrimination and increase employment. We discuss how these …

This paper studies how local school competition affects teacher wages at markets where wages are set via individual … years, I analyze the effects of competition on wages as well as labor flows. The results suggest that competition translates … into higher wages, also for teachers in public schools. While the average increases are modest new teachers gain 2 percent …