Showing 71 - 80 of 94,854
Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing … different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have … degree of monopsony power than workers performing routine or non-routine manual tasks. Job-specific human capital and non …
Persistent link: https://www.econbiz.de/10013252376
In this paper, we study the effects of common ownership, the extent to which firms are linked via common owners, on employee earnings in U.S. local labor markets. Between 1999 and 2017, common ownership in local labor markets has more than doubled. Panel regressions show that employee earnings...
Persistent link: https://www.econbiz.de/10013278876
”) This comment addresses the questions contained in Section 9 of the RFI related to Monopsony Power and Labor Markets. Our … view is that protecting workers, input suppliers, and consumers from the effects of monopsony should be an important goal … of antitrust. The effects of classical monopsony result in harm to workers, other input suppliers, and consumers by …
Persistent link: https://www.econbiz.de/10013291870
We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...
Persistent link: https://www.econbiz.de/10013316879
Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing … different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have … degree of monopsony power than workers performing routine or non-routine manual tasks. Job-specific human capital and non …
Persistent link: https://www.econbiz.de/10012405643
Minimum wages decrease employment in competitive markets, but can increase it in monopsonistic markets so long as they do not exceed the marginal product of labour. We find evidence of non-monotonicity both by market structure and minimum wage level. Minimum wage hikes initially increase hours...
Persistent link: https://www.econbiz.de/10014507670
This paper addresses the applicability of the theory of equalizing differences (Rosen, 1986) in a market in which temporary and permanent workers co-exist. The assumption of perfect competition in the labour market is directly questioned and a model is developed in which the labour market is...
Persistent link: https://www.econbiz.de/10014180957
We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the …
Persistent link: https://www.econbiz.de/10014250167
literature on labour market power, monopsony, and oligopsony, the behavioral and more conventional labour market economics … greater priority to: (i) assessing and remedying monopsony power in labour markets, (ii) the resulting worker, economic, and …
Persistent link: https://www.econbiz.de/10014254260
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a monopsonistic environment and, at least since the...
Persistent link: https://www.econbiz.de/10013295386