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This paper investigates the degree of monoposony power of German employers in different industries, using a semi-structural approach based on a dynamic model of monopsonistic competition. The empirical analysis is based on a linked employer-employee data set which allows us to control for...
Persistent link: https://www.econbiz.de/10010483879
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
Persistent link: https://www.econbiz.de/10011480762
of monopsony fail to use firm-level wage variation. I address this by using the estimated firm wage premia to estimate … how wages are related to rent-sharing and monopsony power. I find that the average worker switching from a firm in the 25 … distribution of monopsony, as measured by the Herfindahl-Hirschman Index in industry-by-local labour market hires, decreases wages …
Persistent link: https://www.econbiz.de/10012003704
Faced with more favourable demand conditions, many firms raise wages. However, we show that firms with labour market power, lower productivity, and binding wage floors will absorb these positive revenue productivity shocks as excess profits instead of increasing wages or employment. Our...
Persistent link: https://www.econbiz.de/10014422416
Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower …
Persistent link: https://www.econbiz.de/10014444069
. The presence of monopsony power in this labor market may be partially explained by institutional features of the teacher … labor market. -- Labor monopsony ; teachers …
Persistent link: https://www.econbiz.de/10003872702
competitive. -- monopsony ; imperfect competition ; separation ; labour supply elasticity …
Persistent link: https://www.econbiz.de/10009006990
dynamic monopsony framework. Applying duration models to a large administrative employer–employee data set for Germany, we … results imply that employers profit from discriminating against immigrants. -- Monopsony ; native–immigrant wage differential …
Persistent link: https://www.econbiz.de/10009664304
dynamic monopsony framework. Applying duration models to a large administrative employer employee data set for Germany, we … results imply that discriminating against immigrants is profitable rather than costly. -- monopsony ; native-immigrant wage …
Persistent link: https://www.econbiz.de/10009670702
empirical studies provide direct evidence on it. This paper analyses empirically the effect of monopsony power on pay structure … support those assumptions for skilled pay and unskilled pay, but not for trainee pay. -- monopsony ; wage differentials ; firm …
Persistent link: https://www.econbiz.de/10009235192