Showing 1 - 10 of 6,566
Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum … comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …, theresults lend empirical support to the monopsony argument, implying that conventionalminimum wage effects on employment conceal …
Persistent link: https://www.econbiz.de/10012793056
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)...
Persistent link: https://www.econbiz.de/10011303310
We examine the causal impact of China's higher education expansion on labor market outcomes for young college graduates using China's 2005 1% Population Sample Survey. Exploiting variation in the expansion of university spots across provinces and high school cohorts and applying a...
Persistent link: https://www.econbiz.de/10011449778
model, such anchoring can give rise to monopsony and labor market segmentation. In line with the model, misperceptions are …
Persistent link: https://www.econbiz.de/10012801411
Persistent link: https://www.econbiz.de/10003277690
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...
Persistent link: https://www.econbiz.de/10012613377
Persistent link: https://www.econbiz.de/10012312038
Persistent link: https://www.econbiz.de/10011709246
Persistent link: https://www.econbiz.de/10013368764
We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using data for 16 countries from the European Social Survey...
Persistent link: https://www.econbiz.de/10010528571