Staiger, Douglas O.; Spetz, Joanne; Phibbs, Ciaran S. - In: Journal of Labor Economics 28 (2010) 2, pp. 211-236
Recent theoretical and empirical advances have renewed interest in monopsonistic models of the labor market. However, there is little direct empirical support for these models. We use an exogenous change in wages at Department of Veterans Affairs (VA) hospitals as a natural experiment to...