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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 …
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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
The economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment … increased prices for consumers. Monopsony in Labor Markets demonstrates that elements of monopsony are pervasive and explores … monopsony. Offering a thorough explanation of antitrust policy, this book identifies the basic economic problems with monopsony …
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