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the other hand, we document a decline in monopsony power, as both the heterogeneity and the aggregate level of markdowns …
Persistent link: https://www.econbiz.de/10014452325
, and a pure monopsony (one employer) reduces wages by 13 percent. A simulation shows that wages under pure monopsony could … be 47 percent lower, suggesting that employers do not use the extent of their monopsony power. Enforcing wage regulations …
Persistent link: https://www.econbiz.de/10011974378
Persistent link: https://www.econbiz.de/10012581910
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …
Persistent link: https://www.econbiz.de/10012745267
This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
Persistent link: https://www.econbiz.de/10013415467
Persistent link: https://www.econbiz.de/10013188535
Persistent link: https://www.econbiz.de/10001400195
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
Persistent link: https://www.econbiz.de/10010485288
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
Persistent link: https://www.econbiz.de/10010222161
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
Persistent link: https://www.econbiz.de/10010225884