-paying firms possess high and increasing labour market power and pay wages below competitive levels, whereas low-wage firms pay … competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labour market rents while …

-paying firms possess high and increasing labour market power and pay wages below competitive levels, whereas low-wage firms pay … competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labour market rents while …

data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and …, low-wage, low-MRPL firms possess no labour market power and pay wages equal to or even above their MRPL, whereas large …, high-wage, high-MRPL firms possess high labour market power and pay wages below their MRPL. These wage-MRPL differences …

data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and …, low-wage, low-MRPL firms possess no labour market power and pay wages equal to or even above their MRPL, whereas large …, high-wage, high-MRPL firms possess high labour market power and pay wages below their MRPL. These wage-MRPL differences …

concentration within smaller cities, primarily help explain the variance of top wages within these cities/labor markets. …

developed countries and with the emerging literature on monopsony power, we first show that a higher level of concentration is … associated with reductions in skilled and unskilled workers' wages. Furthermore, the elasticities are relatively similar. Second …, there is sectoral heterogeneity as, for manufacturing, unskilled workers' wages decrease more, while skilled workers do not …

Leaving labour markets to the market mechanism with flexible wages is the worst thing that can happen as the result … instabilities of capitalism. Guarantee of minimum wages can play an important role to contain the destabilising potential of labour … society. Minimum wages do not lead to unemployment. Countries with very high wage dispersion can have high unemployment while …

workers and productive firms, and the pass-through of firm and market shocks to workers' wages. Guided by these empirical …