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-2016). In past decades, labour market power increasingly moderated rising between-firm wage inequality. This is becausehigh …
Persistent link: https://www.econbiz.de/10012514882
-2016). In past decades, labour market power increasingly moderated rising between-firm wage inequality. This is becausehigh …
Persistent link: https://www.econbiz.de/10012514890
marginal revenue products of labour (MRPL), increasingly moderated rising between-firm wage inequality. This is because small …
Persistent link: https://www.econbiz.de/10012261228
marginal revenue products of labour (MRPL), increasingly moderated rising between-firm wage inequality. This is because small …
Persistent link: https://www.econbiz.de/10012261403
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
This paper examines how collective bargaining through unions and workplace co-determination through works councils relate to labour market imperfections and how labour market imperfections relate to employer wage premia. Based on representative German plant data for the years 1999-2016, we...
Persistent link: https://www.econbiz.de/10014425610
We examine the impact of changes in local labor market concentration on two components of income inequality in Mexico …: local wage shares and labor income inequality. Combining data from the Economic Census and the Population and Housing … Censuses, we analyze the mechanisms that drive the relationship between concentration and labor income inequality by …
Persistent link: https://www.econbiz.de/10014455470
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
This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high self-employment rates across manufacturing local labor...
Persistent link: https://www.econbiz.de/10013343285
This paper shows that self-employment shapes labor market power in low-income countries, affecting industrial development. Using Peruvian data, we show that wage-setting power increases with concentration, but less so where self-employment is more prevalent. A general equilibrium model shows...
Persistent link: https://www.econbiz.de/10015074510