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This paper unveils a novel externality of product market regulation in the labor market. It shows theoretically and empirically that higher barriers to entry in product markets translate into higher labor market power, measured by the wage markdown-the ratio between the marginal product of labor...
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gelingt es dem Autor, vermachtete Faktormärkte in die Theorie des Außenhandels zu integrieren, die klassischen Handelstheoreme … Außenhandelstheoretiker, Arbeitsmarkt- und Industrieökonomen Praktiker in Wirtschaftsinstituten, bei Verbänden und in der Regulierung Der …
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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...
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unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to …This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
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