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Economic theory predicts that monopsonistic employers suppress wages below the marginal product of labour. We measure local labour market (LLM) concentration in Ireland from 2008 to 2019 using an employment share HerfindahlHirschmann Index (HHI), a proxy for monopsony power. LLM concentration in...
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This paper investigates the difference between firms' actual and expected employment along the amount of loan invested by them. In addition, it examines the relationship between the amount of loan received by firms and wages. Empirically, using a causal effect estimation and small-sized firms...
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