Similar Search Results

Do firms’ wage-setting powers increase during recessions?

Sorensen, Todd A. - In: IZA World of Labor (2017)

Traditional models of the labor market typically assume that wages are set by the market, not the firm. However, over the last 15 years, a growing body of empirical research has provided evidence against this assumption. Recent studies suggest that a monopsonistic model, where individual firms...

Persistent link: https://www.econbiz.de/10011662673

What drives wage stagnation : monopsony or monopoly?

Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022

Persistent link: https://www.econbiz.de/10013489485

What drives wage stagnation : monopsony or monopoly?

Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022

Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this … primary determinant: in 2016 monopoly accounts for 75% of wage stagnation, monopsony for 25%. … coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their …

Persistent link: https://www.econbiz.de/10013466317

What drives wage stagnation : monopsony or monopoly?

Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022

Persistent link: https://www.econbiz.de/10014307361

The Race Between Education, Technology, and the Minimum Wage

Vogel, Jonathan - National Bureau of Economic Research - 2023

What is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I...

Persistent link: https://www.econbiz.de/10014247949

The measure of monopsony

Langella, Monica; Manning, Alan - 2021

Persistent link: https://www.econbiz.de/10012581910

Competition in the labor market : the wage effect of employer concentration in China

Liu, Jianan; Cai, Hongbo; Lin, Carl - 2024

Competition in the labor market theoretically leads to higher wages, yet empirical evidence to substantiate it, particularly in developing countries, has been sparse. Our study delves into the impact of increased competition in the labor market on workers' wages using a panel dataset from...

Persistent link: https://www.econbiz.de/10015046199

Employment Effects of Minimum Wages in Inflexible Labor Markets

Ozturk, Orgul D. - 2008

This paper structurally models and estimates the employment effects of minimum wages in inflexible labor markets with fixed employment costs. When there are fixed costs associated with employment, minimum wage regulation not only results in a reduction in employment among low productivity...

Persistent link: https://www.econbiz.de/10012724803

More Work to Do? Taking Stock of Latin American Labor Markets

David, Antonio C. - 2019

We analyze the performance of labor markets in Latin America since the late 1990s. Strong GDP growth during the commodity boom period led to important gains in employment and a fall in the unemployment rate as labor demand outpaced an increasing labor supply. We emphasize the role of informality...

Persistent link: https://www.econbiz.de/10012889137

Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America

Kugler, Adriana - 2019

This paper documents recent labor market performance in the Latin American region. The paper shows that unemployment, informality, and inequality have been falling over the past two decades, though still remain high. By contrast, productivity has remained stubbornly low. The paper, then, turns...

Persistent link: https://www.econbiz.de/10012864112