Hirsch, Boris; Jahn, Elke J.; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2013
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using German administrative linked employer-employee data for the years 1985-2010 and an estimation framework based on duration models, we construct a time series of the firm-level...