Showing 1 - 10 of 2,804
Persistent link: https://www.econbiz.de/10001380043
Persistent link: https://www.econbiz.de/10014384597
coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their … Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this … primary determinant: in 2016 monopoly accounts for 75% of wage stagnation, monopsony for 25%. …
Persistent link: https://www.econbiz.de/10013466317
This paper studies the effects of the minimum wage on the life cycle of firms. We first build a tractable model where heterogeneous firms have labor market power, invest in innovation, and choose formal or informal sectors. The model predicts that a minimum wage hike not only shrinks young and...
Persistent link: https://www.econbiz.de/10014529916
Persistent link: https://www.econbiz.de/10003783094
Persistent link: https://www.econbiz.de/10001969602
Persistent link: https://www.econbiz.de/10001377326
Persistent link: https://www.econbiz.de/10003318701
Persistent link: https://www.econbiz.de/10009501864
"A major criticism of standard specifications of price adjustment in models for monetary policy analysis is that they violate the natural rate hypothesis by allowing output to differ from potential in steady state. In this paper we estimate a dynamic optimizing business cycle model whose...
Persistent link: https://www.econbiz.de/10002934315