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  1. Global labor market power
    Published: 12 February 2024
    Publisher:  Centre for Economic Policy Research, London

    We estimate the labor market power of over 13,000 manufacturing establishments across 82 low and middle-income countries around the world. Within local labor markets, larger and more productive firms have higher wage markdowns and pay lower wages.... more

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    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Bibliotheks-und Informationssystem der Carl von Ossietzky Universität Oldenburg (BIS)
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    Universität Potsdam, Universitätsbibliothek
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    We estimate the labor market power of over 13,000 manufacturing establishments across 82 low and middle-income countries around the world. Within local labor markets, larger and more productive firms have higher wage markdowns and pay lower wages. Labor market power across countries exhibits a mild non-linear relationship with GDP per capita, entirely driven by a strong hump-shaped relationship with the share of self-employed workers. Labor market institutions fully account for the hump shape: in countries with unemployment protection, wage markdowns increase with the share of self-employment while the opposite is true in countries without it. We explain this finding through the lens of a simple oligopsonistic labor market model with frictions. Self-employment prevalence correlates with the elasticity of labor supply to the wage paid, and labor market institutions can change the sign of this relationship.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18828
    Subjects: Labor market power; Self-employment; Development; Labor market institutions
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  2. A search model with self-employment and heterogeneity in managerial ability
    Published: [2023]
    Publisher:  EconomiX - UMR 7235, Université Paris Nanterre, Nanterre

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 334
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / EconomiX ; 2023, 9
    Subjects: Self-employment; Managerial ability; Informal sector
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen