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I study how labour market power affects firm wage differences using German manufacturing sector firm-level data (1995-2016). In past decades, labour market power increasingly moderated rising between-firm wage inequality. This is becausehigh-paying firms possess high and increasing labour market...
Persistent link: https://www.econbiz.de/10012514882
I study how labour market power affects firm wage differences using German manufacturing sector firm-level data (1995-2016). In past decades, labour market power increasingly moderated rising between-firm wage inequality. This is becausehigh-paying firms possess high and increasing labour market...
Persistent link: https://www.econbiz.de/10012514890
Wages and employment are too low in a monopsony. Furthermore, a minimum wage or a subsidy may raise employment up to … benchmark for welfare comparisons. Third, we derive a condition which guarantees that the monopsony distortion is exactly …
Persistent link: https://www.econbiz.de/10012160637
The increase in the real wages of British workers over the last one hundred years is often attributed to the growth in labour productivity, but this has rarely been confirmed. In the research reported here, this ascription is confronted with annual observations on wages and productivity spanning...
Persistent link: https://www.econbiz.de/10014582237
This study investigates how labour market power shapes between-firm wage differences using German manufacturing sector data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and marginal revenue products of labour (MRPL),...
Persistent link: https://www.econbiz.de/10012261228
This study investigates how labour market power shapes between-firm wage differences using German manufacturing sector data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and marginal revenue products of labour (MRPL),...
Persistent link: https://www.econbiz.de/10012261403
employers' monopsony power. It explores the characteristics of monopsony in labor markets and documents its impact by looking at … solutions to address employers' monopsony power. …
Persistent link: https://www.econbiz.de/10013415712
inequality ; monopsony ; efficiency wage ; over-education …
Persistent link: https://www.econbiz.de/10009504652
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
Persistent link: https://www.econbiz.de/10011408479
This paper addresses the applicability of the theory of equalizing differences (Rosen, 1987) in a market in which temporary and permanent workers co-exist. The assumption of perfect competition in the labour market is directly questioned and a model is developed in which the labour market is...
Persistent link: https://www.econbiz.de/10013121764