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When jobs offered by different employers are not perfect substitutes in the minds of workers, employers gain wage-setting power; the extent of this power can be captured by the elasticity of labor supply that each employer faces. Estimates of this parameter reported by the literature vary...
Persistent link: https://www.econbiz.de/10011950529
This brief survey contains a review of several new empirical papers that attempt to measure the extent of monopsony in … income transfer away from workers. The evidence surveyed from a fairly broad range of labor markets suggests that monopsony … may be far more pervasive than is sometimes suggested. -- Monopsony ; imperfect labor markets …
Persistent link: https://www.econbiz.de/10003959985
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When jobs offered by different employers are not perfect substitutes in the minds of workers, employers gain wage-setting power; the extent of this power can be captured by the elasticity of labor supply that each employer faces. Estimates of this parameter reported by the literature vary...
Persistent link: https://www.econbiz.de/10012896763
This brief survey contains a review of several new empirical papers that attempt to measure the extent of monopsony in … income transfer away from workers. The evidence surveyed from a fairly broad range of labor markets suggests that monopsony …
Persistent link: https://www.econbiz.de/10013144079
Persistent link: https://www.econbiz.de/10012697190
"Monopsony Capitalism explores the combination of capital's changing composition and labour's subjective agency to … monopsony power, increasing the value share for the lead firm. This intensifies competition, exerts downward pressure, and … action at various sites of production primarily in China, India, Honduras, and United States, and secondarily in Vietnam …
Persistent link: https://www.econbiz.de/10012162551
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