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Displaying results 1 to 25 of 36.

  1. What drives wage stagnation
    monopsony or monopoly?
    Author: Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, Lawrence
    Published: [2022]
    Publisher:  BSE, Barcelona School of Economics, [Barcelona]

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    Language: English
    Media type: Book
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    Series: BSE working paper ; 1361 (September 2022)
    Subjects: Market Power; Monopsony; Monopoly; Markdowns; Markups; Wage Stagnation; Concentration; HHI
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. Estimating recruitment elasticity in the multi-stage and bilateral job matching process
    Author: Kambayashi, Ryo; Kawaguchi, Kohei; Otani, Suguru
    Published: July 2023
    Publisher:  Institute of Economic Research, Hitotsubashi University, Kunitachi, Tokyo, Japan

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    Other identifier:
    hdl: 10086/79964
    Series: Array ; no. 746
    Subjects: Market power of employers; Monopsony; Job matching intermediary; Recruitment elasticity; Application; Interview; Offer; Control function approach
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  3. Vacancy duration and wages
    Author: Bassier, Ihsaan; Manning, Alan; Petrongolo, Barbara
    Published: 11 August 2023
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
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    Series: Array ; DP18365
    Subjects: Monopsony; Wages
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  4. Revisiting the public-private wage gap in Spain
    new evidence and interpretation
    Author: León, Alba Couceiro de; Dolado, Juan J.
    Published: 04 May 2023
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
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    Series: Array ; DP18136
    Subjects: Public sector; Private sector; Public- Private wage gap; Monopsony; Unions
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  5. An economic theory of labor discrimination
    Author: Vallejo G., Hernán Eduardo
    Published: marzo de 2021
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    Language: English
    Media type: Book
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    Series: Documento CEDE ; 2021, 12 (marzo de 2021)
    Subjects: Monopsony; labor discrimination; asymmetric information; self-selection; adverseselection; market power
    Scope: 18 Seiten, Diagramme
  6. These caps spilleth over
    equilibrium effects of unemployment insurance
    Author: Doniger, Cynthia L.; Toohey, Desmond
    Published: November 2, 2022
    Publisher:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Series: Finance and economics discussion series ; 2022, 074
    Subjects: Unemployment Insurance; Spillover; Wage Posting; Random Search; Information Friction; Monopsony
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  7. Monopsony, efficiency, and the regularization of undocumented immigrants
    Author: Borjas, George J.; Edo, Anthony
    Published: July 2023
    Publisher:  CEPII, Paris

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    Series: CEPII working paper ; no. 2023-18 (July 2023)
    Subjects: Monopsony; Regularization; Undocumented Immigrants; Labor Market
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  8. The decline of labor share and new technology diffusion
    implications for markups and monopsony power
    Author: Kusaka, Shoki; Okazaki, Tetsuji; Onishi, Ken; Wakamori, Naoki
    Published: [2023]
    Publisher:  RIETI, [Tokyo, Japan]

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    Series: RIETI discussion paper series ; 23-E, 047 (July 2023)
    Subjects: Technology adoption; Productivity; Labor share; Mark up; Monopsony
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  9. Task search and labour supply in the platform economy
    Author: Cantarella, Michele; Strozzi, Chiara
    Published: October 2023
    Publisher:  nUnimore, Università degli studi di Modena e Reggio Emilia, Dipartimento di economia Marco Biagi, [Modena]

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    Series: DEMB working paper series ; n. 226
    Subjects: Platform economy; Labour supply; Job search; Reference Dependence; Monopsony
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  10. Immigration, monopsony and the distribution of firm pay
    Author: Amior, Michael; Stuhler, Jan
    Published: 21 December 2023
    Publisher:  Centre for Economic Policy Research, London

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    Series: Array ; DP18709
    Subjects: Immigration; Monopsony; Firms
    Scope: 1 Online-Ressource (circa 93 Seiten), Illustrationen
  11. Price markups and wage setting behavior of Japanese firms
    Author: Aoki, Kōsuke; Hogen, Yoshihiko; Takatomi, Kosuke
    Published: [2023]
    Publisher:  Bank of Japan, Tokyo, Japan

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    Series: Bank of Japan working paper series ; no. 23, E-5 (April 2023)
    Subjects: Price markup; Wage markdown; Monopsony; Labor share
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  12. Inclusivity in the labor market
    Author: ElGanainy, Asmaa Adel; Ernst, Ekkehard; Merola, Rossana; Rogerson, Richard Donald; Schindler, Martin
    Published: May 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness,... more

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    Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity presents challenges, we discuss how data can be used to shed light on the extent of inclusivity and document cross-country trends and stylized facts. We also discuss the role of policy in achieving an inclusive labor market, focusing on the need to rebalance growth; improve risk sharing; and fight discrimination. Several messages emerge. First, some policies entail a trade-off between the different dimensions of inclusivity. Second, it is important to view policies as a bundle, taking into account substitution and complementarities. Third, some policies are win-win, in the sense that they both increase inclusivity and improve overall efficiency

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
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    ISBN: 9781513573519
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    Series: IMF working paper ; WP/21, 141
    Subjects: Inclusive Growth; Inclusive Labor Markets; Informal Economy; Labor Market Policies; Discrimination; Monopsony; Foreign Exchange; Informal Economy; Underground Econom
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  13. An economic theory of labor discrimination
    Author: Vallejo G., Hernán Eduardo
    Published: marzo de 2021
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Series: Documento CEDE ; 2021, 12 (marzo de 2021)
    Subjects: Monopsony; labor discrimination; asymmetric information; self-selection; adverseselection; market power
    Scope: 18 Seiten, Diagramme
  14. Hysteresis via endogenous rigidity in wages and participation
    Author: Doniger, Cynthia L.; López-Salido, José David
    Published: April 11, 2017
    Publisher:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Format: Online
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    Series: Finance and economics discussion series ; 2017, 044
    Subjects: Kinked Labor Supply; Strategic Complementarity; Hysteresis; Real Rigidity; Jobless and Wageless Recovery; Monopsony
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  15. Common ownership in labor markets
    Author: Azar, José; Qiu, Yue; Sojourner, Aaron
    Published: 7-15-2022
    Publisher:  W.E. Upjohn Institute for Employment Research, Kalamazoo, MI

    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.... more

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    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 in a local labor market are negatively associated with common ownership. To identify causal effects, we use a firm's addition to the S&P 500 index as a shock to common ownership of its competitors in a local labor market. Using a matched difference-in-differences analysis, we find that, after a firm enters the S&P 500 index, the average annual earnings per employee of its local competitors decreases relative to the counterfactual. The effect of index inclusion shocks on employee earnings is stronger in local labor markets where the shares of S&P 500 incumbents are higher before a shock.

     
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    Other identifier:
    hdl: 10419/262396
    Series: Upjohn Institute working paper ; 22, 368
    Subjects: Monopsony; oligopsony; labor markets; competition policy; common ownership
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  16. Monopsony in the U.S. labor market
    Author: Yeh, Chen; Macaluso, Claudia; Hershbein, Brad
    Published: 3-4-2022
    Publisher:  W.E. Upjohn Institute for Employment Research, Kalamazoo, MI

    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... more

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    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 early 2000s, the labor market in U.S. manufacturing has become more monopsonistic. To reach this conclusion, we exploit rich administrative data for U.S. manufacturers and estimate plant-level markdowns-the ratio between a plant's marginal revenue product of labor and its wage. In a competitive labor market, markdowns would be equal to unity. Instead, we find substantial deviations from perfect competition, as markdowns average 1.53. This result implies that a worker employed at the average manufacturing plant earns 65 cents on each dollar generated on the margin. To investigate long-term trends in employer market power, we propose a novel measure for the aggregate markdown that is consistent with aggregate wedges and also incorporates the local nature of labor markets. We find that the aggregate markdown decreased between the late 1970s and the early 2000s, but has been sharply increasing since.

     
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    Source: Union catalogues
    Language: English
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    Other identifier:
    hdl: 10419/262392
    Series: Upjohn Institute working paper ; 22, 364
    Subjects: Monopsony; labor market power; markdowns; secular trends
    Scope: 1 Online-Ressource (circa 128 Seiten), Illustrationen
  17. Partially directed search in the labor market
    Author: Wu, Liangjie
    Published: [2021]
    Publisher:  EIEF, Einaudi Institute for Economics and Finance, [Rom]

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    Series: EIEF working paper ; 21, 17 (December 2021)
    Subjects: Competitive Search; Labor Market; Monopsony
    Scope: 1 Online-Ressource (circa 106 Seiten), Illustrationen
  18. The distributional impact of the minimum wage in the short and long run
    Author: Hurst, Erik; Kehoe, Patrick J.; Pastorino, Elena; Winberry, Thomas
    Published: [2022]
    Publisher:  Federal Reserve Bank of Minneapolis, Research Division, Minneapolis, MN

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    Series: Staff report / Research Division, Federal Reserve Bank of Minneapolis ; no. 640 (July 2022)
    Subjects: Monopsony; Monopsonistic competition; Search frictions; Putty-clay capital; Employment; Unemployment; Labor market participation; Labor income; Wages; Earned income tax credit; Progressive tax and transfer system; Inequality; Redistribution
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  19. What drives wage stagnation
    monopsony or monopoly?
    Author: Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, Lawrence
    Published: [2022]
    Publisher:  Institute for Fiscal Studies, [London]

    Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own... more

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    Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which lowers production and the demand for labor, and hence equilibrium wages economy-wide. Using establishment data from the US Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this period and the latter is stable. Both contribute to the decoupling of productivity and wage growth, with monopoly being the primary determinant: in 2016 monopoly accounts for 75% of wage stagnation, monopsony for 25%.

     
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    Source: Union catalogues
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    hdl: 10419/284209
    Series: Working paper / lnstitute for Fiscal Studies ; 22, 39
    Subjects: Market Power; Monopsony; Monopoly; Markdowns; Markups; Wage Stagna-tion; Concentration; HHI
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  20. The wage elasticity of recruitment
    Author: Hirsch, Boris; Jahn, Elke J.; Manning, Alan; Oberfichtner, Michael
    Published: [2022]
    Publisher:  Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre, Lüneburg

    One of the factors likely to affect the market power of employers is the sensitivity of the flow of recruits to the offered wage, but there is very little research on this. This paper presents a methodology for estimating the wage elasticity of... more

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    One of the factors likely to affect the market power of employers is the sensitivity of the flow of recruits to the offered wage, but there is very little research on this. This paper presents a methodology for estimating the wage elasticity of recruitment and applies it to German data. Our estimates of the wage elasticity of recruitment are about 1.4. We also report evidence that high-wage employers are more selective in hiring, in which case the relevant recruitment elasticity should be higher, about 2.2. Together with prior estimates of the quit elasticity these results imply that wages are 72-77% of the marginal product of labour. Further, we find lower elasticities for recruits hired from non-employment as well as for women, nonGerman nationals, non-prime-age workers, less skilled workers, and workers with less complex jobs.

     
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    hdl: 10419/273139
    Series: University of Lüneburg working paper series in economics ; no. 414 (Oktober 2022)
    Subjects: Monopsony; imperfect labour markets; wage elasticity of recruitment
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  21. Labor market power, self-employment, and development
    Author: Amodio, Francesco; Medina, Pamela; Morlacco, Monica
    Published: 28 September 2022
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Series: Array ; DP17543
    Subjects: Development; Monopsony; Sorting; Self-employment
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  22. Preference for young workers in mid-career recruiting using online ads for sales jobs
    evidence from Japan
    Author: Zvedelikova, Mirka
    Published: October 2022
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    This study uses an original dataset of online mid-career job ads for full-time sales jobs collected from July 2018 to December 2019 to examine the use of explicit and implied age limits on job applicants and characteristics of companies that set... more

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    This study uses an original dataset of online mid-career job ads for full-time sales jobs collected from July 2018 to December 2019 to examine the use of explicit and implied age limits on job applicants and characteristics of companies that set them. Although Japanese law prohibits age discrimination in employment, several exemptions are allowed, such as hiring young workers without prior work experience on regular contracts. Companies can set an age limit, require job-related experience, or search broadly; however, they can also express their age preference in other ways. In the sample, 24% of ads included explicit age limits generally capped at 35 years, 22% set experience requirements, and nearly all contained some form of implied age preference. Companies with higher capital, those with fewer employees, older companies and those located in urban centers tend to set requirements on applicants. Further, companies that are domestic, with fewer employees, in urban centers and companies using probation periods for new hires are more likely to set age limits. Furthermore, the role of company market power is considered a factor allowing companies to voluntarily limit the pool of applicants in a tight labor market. Companies that set age or experience requirements appear not to engage in wage competition related to labor market tightness. Companies that do not set either requirement partially respond to increased wage expectations related to population age while reducing labor costs by increasing working hours covered by the baseline salary.

     
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    Source: Union catalogues
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    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1193
    Subjects: Mid-career recruiting; Age discrimination; Job ads; Monopsony; Japan
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  23. What drives wage stagnation
    monopsony or monopoly?
    Author: Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, Lawrence
    Published: [2022]
    Publisher:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

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    Series: Working papers / Center for Economic Studies, U.S. Census Bureau ; 22, 45 (October 2022)
    Subjects: Market Power; Monopsony; Monopoly; Markdowns; Markups; Wage Stagnation; Concentration; HHI
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  24. Wage markups and buyer power in intermediate input markets
    Author: Treuren, Leonard
    Published: [2022]
    Publisher:  KU Leuven, Department of Economics, Leuven

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    Series: Discussion paper series / [KU Leuven, Department of Economics] ; DPS22, 06 (November 2022)
    Subjects: Monopsony; Rent sharing; Buyer power; Revenue function estimation
    Scope: 1 Online-Ressource (circa 59 Seiten)
  25. Monopsony in the labor market
    new empirical results and new public policies
    Author: Ashenfelter, Orley; Card, David E.; Farber, Henry S.; Ransom, Michael R.
    Published: October 2021
    Publisher:  Princeton University, Industrial Relations Section, Princeton

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 327
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Princeton University, Industrial Relations Section ; #652
    Working paper / Griswold Center for Economic Policy Studies ; no. 294
    Subjects: Monopsony; Labor Market Power
    Scope: 1 Online-Ressource (circa 15 Seiten), Illustrationen