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This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers …’ abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into … profits. Monopsony power increases the tax incidence that falls on firms. This makes labor income taxes less (more) effective …
Persistent link: https://www.econbiz.de/10013224073
When discussing the employment effects of minimum wages, mainstream economic discussion as well as mainstream economics textbooks mainly center around two variations of the neoclassical model: the model of the competitive and the monopsonistic labor market. The current paper offers a different...
Persistent link: https://www.econbiz.de/10011899147
When discussing the employment effects of minimum wages, mainstream economic discussion as well as mainstream economics textbooks mainly center around two variations of the neoclassical model: the model of the competitive and the monopsonistic labor market. The current paper offers a different...
Persistent link: https://www.econbiz.de/10011870394
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
Persistent link: https://www.econbiz.de/10011408479
This study examines the influence of the statutory minimum wage on labor demand elasticities regarding low-skilled workers. For this, a regression discontinuity analysis is conducted using company panel data from 2013 to 2018. In addition, a possible endogeneity of the remuneration for...
Persistent link: https://www.econbiz.de/10012300027
separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and …
Persistent link: https://www.econbiz.de/10011574924
This paper sets up a two-country model of offshoring with monopolistically competitive product and monopsonistically competitive labour markets. In our model, an incentive for offshoring exists even between symmetric countries, because shifting part of the production abroad reduces local labour...
Persistent link: https://www.econbiz.de/10014467358
The thesis consists of a summary and four papers, concerned with food consumption, behavior associated with overconsumption of food and analysis of the economic policy reforms designed to improve health. <p> Paper [I] estimates a hedonic price model on breakfast cereal, crisp bread and potato...</p>
Persistent link: https://www.econbiz.de/10005207278
This paper analyzes the effects of introducing a graduated minimum wage in a model with optimal income taxation in …
Persistent link: https://www.econbiz.de/10012919242
This paper analyzes the effects of introducing a graduated minimum wage in a model with optimal in-come taxation in …
Persistent link: https://www.econbiz.de/10012923241