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comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum … wages with theory. However, systematic evidence for themonopsony argument is scarce. In this paper, I perform a …
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In this paper, I study the wage a firm sets to attract high abilityworkers (hipo's) in situationsof unemployment. I show that the higher unemployment, the larger afirm's incentives to sorthigh and low ability workers. Moreover, workers will signal their(high) ability in situationsof (high)...
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Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity...
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