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Optimal Taxation and Monopsonistic Labor Market: Does Monopsony Justify the Minimum Wage?
Cahuc, Pierre; Laroque, Guy - Institute for the Study of Labor (IZA) - 2007
We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are …
Persistent link: https://www.econbiz.de/10005822064
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Optimal Taxation and Monopsonistic Labour Market: Does Monopsony Justify the Minimum Wage?
Cahuc, Pierre; Laroque, Guy - C.E.P.R. Discussion Papers - 2007
We analyze optimal taxation in an economy with monopsonistic labour markets. The individuals, whose only decisions are …
Persistent link: https://www.econbiz.de/10005504333
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Classic Monopsony or New Monopsony? Searching for Evidence in Nursing Labor Markets
Hirsch, Barry T.; Schumacher, Edward J. - Institute for the Study of Labor (IZA) - 2004
The market for hospital registered nurses (RNs) is often offered as an example of “classic” monopsony, while a “new …” monopsony literature emphasizes firm labor supply being upwardsloping for reasons other than market structure. Using data from … several sources, we explore the relationship between wages and measures of classic and new monopsony. Micro wage data for 1993 …
Persistent link: https://www.econbiz.de/10005822249
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Earnings, Occupations and Labour Market Experience in Australia; 1997-2005
Dobbie, Michael; MacMillan, Craig - In: Australian Journal of Labour Economics (AJLE) 15 (2012) 1, pp. 1-15
This paper examines the relative importance of different types of labour market experience in the determination of earnings across occupations. Specifically, the paper estimates the returns to general experience, firm tenure and occupational tenure for each occupation within the Australian...
Persistent link: https://www.econbiz.de/10010632962
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Food Consumption, Paternalism and Economic Policy
Thunström, Linda - Institutionen för Nationalekonomi, Umeå Universitet - 2008
The thesis consists of a summary and four papers, concerned with food consumption, behavior associated with overconsumption of food and analysis of the economic policy reforms designed to improve health. <p> Paper [I] estimates a hedonic price model on breakfast cereal, crisp bread and potato...</p>
Persistent link: https://www.econbiz.de/10005207278
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Monopsony, Efficiency Wages and Minimum Wages
FitzRoy, Felix R. - Centre for Research into Industry, Enterprise, Finance … - 1999
Monopsony models imply that wages must be raised whenever additional workers are hired, and firms have permanent …
Persistent link: https://www.econbiz.de/10005807938
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Minimum Wages for Ronald McDonald Monopsonies: A Theory of Monopsonistic Competition
Bhaskar, V.; To, Ted - EconWPA - 1996
Recent empirical work on the effects of minimum wages has called into question the conventional wisdom that minimum wages invariably reduce employment. We develop a model of \emph{monopsonistic competition} with \emph{free entry} to analyze the effects of minimum wages, and our predictions fit...
Persistent link: https://www.econbiz.de/10005556798
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Oligopsony and the Distribution of Wages
Bhaskar, V.; To, Ted - EconWPA - 1999
A number of theories (search and efficiency wages) have been developed, in part, to explain why identically able workers are often paid different wages. However, when there is a minimum wage, they do not explain the resulting ``spike" in the wage distribution. Our model's predictions are...
Persistent link: https://www.econbiz.de/10005556812
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Product Market Evidence on the Employment Effects of the Minimum Wage
French, Eric; Aaronson, Dan - Econometric Society - 2004
employment in response to a 10 percent minimum wage change. We then introduce monopsony power in local labor markets. We identify … the extent of monopsony power using information on the degree to which minimum wage cost shocks are passed on to consumers … an increase in the minimum wage, the monopsony model potentially implies that employment can rise and prices fall in …
Persistent link: https://www.econbiz.de/10005702611
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Employment and distribution effects of the minimum wage
Slonimczyk, Fabián; Skott, Peter - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 245-264
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality....
Persistent link: https://www.econbiz.de/10011048157