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Applicants for any given job are more or less suited to fill it, and the firm will select the best among them. Increasing the wage offer attracts more applicants and makes it possible to raise the hiring standard and improve the productivity of the staff. Wages that optimize on the trade-off...
Persistent link: https://www.econbiz.de/10010298823
Applicants for any given job are more or less suited to fill it, and the firm will select the best among them. Increasing the wage offer attracts more applicants and makes it possible to raise the hiring standard, thereby improving the productivity of the staff. Wages that optimize on the...
Persistent link: https://www.econbiz.de/10010299945
A buyer with downward slopping demand faces a number of unit supply sellers. The paper characterizes optimal auctions in this setting. For the symmetric case, a uniform auction (with price equal to lowest rejected offer) is optimal when complemented with reserve prices for different quantities...
Persistent link: https://www.econbiz.de/10011325018
monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins …
Persistent link: https://www.econbiz.de/10010326464
Mindestlöhne im nicht diskriminierenden Monopson auf Beschäftigung bzw. Kapitalintensität auswirken. Dabei kann der Mindestlohn in … exakte Lösung für das Monopson. In der Regel lassen sich aber die Lösungsbedingungen nur implizit und über geeignete … Kapitalintensität höher ausfällt als diejenige, die er im unreglementierten Monopson wählt. Schließlich wird in einer …
Persistent link: https://www.econbiz.de/10010343332
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/10010261903
Motivated by models of worker flows, we argue in this paper that monopsonistic discrimination may be a substantial factor behind the overall gender wage gap. On matched employer-employee data from Norway, we estimate establishment-specific wage premiums separately for men and women, conditioning...
Persistent link: https://www.econbiz.de/10010269272
This brief survey contains a review of several new empirical papers that attempt to measure the extent of monopsony in … income transfer away from workers. The evidence surveyed from a fairly broad range of labor markets suggests that monopsony …
Persistent link: https://www.econbiz.de/10010273868
In this paper we estimate the elasticity of the labour supply to a firm, using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. Estimation of this elasticity is of particular interest not only in its own right but also because of its relevance to the debate about...
Persistent link: https://www.econbiz.de/10010274551
empirical studies provide direct evidence on it. This paper analyses empirically the effect of monopsony power on pay structure …
Persistent link: https://www.econbiz.de/10010278577