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Monopsony Power, Income Taxation and Welfare
Hummel, Albert Jan - 2021
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/10012599215
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Tax Curvature
Hummel, Albert Jan - 2021
In a Mirrleesian environment, a monopsonist sets hourly wages and individuals choose how many hours to work. Labor market outcomes do not only depend on the level and slope of the income tax function, but also on its curvature. A more concave tax schedule raises the elasticity of labor supply,...
Persistent link: https://www.econbiz.de/10012657926
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Monopsony Power, Income Taxation and Welfare
Hummel, Albert Jan - 2021
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
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Firm Training
Black, Dan A.; Skipper, Lars; Smith, Jeffrey A. - 2023
Workers acquire skills through formal schooling, through training provided by governments, and through training provided by firms. This chapter reviews, synthesizes, and augments the literature on the last of these, which has languished in recent years despite the sizable contribution of firm...
Persistent link: https://www.econbiz.de/10014290178
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How Do Firms Respond to Unions?
Dodini, Samuel; Stansbury, Anna; Willén, Alexander - 2023
monopsony power. …
Persistent link: https://www.econbiz.de/10014469564
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Labor Market Competition and Inequality
Garcia-Louzao, Jose; Ruggieri, Alessandro - 2023
Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower …
Persistent link: https://www.econbiz.de/10014469748
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The Dynamics of Power in Labor Markets: Monopolistic Unions versus Monopsonistic Employers
Dodini, Samuel; Salvanes, Kjell; Willén, Alexander L.P. - 2021
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …
Persistent link: https://www.econbiz.de/10013177529
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Tax Curvature
Hummel, Albert Jan - 2021
In a Mirrleesian environment, a monopsonist sets hourly wages and individuals choose how many hours to work. Labor market outcomes do not only depend on the level and slope of the income tax function, but also on its curvature. A more concave tax schedule raises the elasticity of labor supply,...
Persistent link: https://www.econbiz.de/10013217356
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Household Bargaining and the Design of Couples' Income Taxation
Cremer, Helmuth; Lozachmeur, Jean-Mari; Maldonado, Dario; … - 2015
This paper studies the design of couples' income taxation. Consumption and labor supply decisions within the couple are …
Persistent link: https://www.econbiz.de/10010480848
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Family-Specific Investments and Divorce: A Theory of Dynamically Inconsistent Household Behavior
Anderberg, Dan; Rainer, Helmut; Roeder, Kerstin - 2016
This paper bridges two distinct areas of inquiry: the economic theory of the family and behavioral research on time-inconsistent preferences. In our model, hyperbolic discounting couples engage in household production activities, thereby accumulating family-specific capital over time. At any...
Persistent link: https://www.econbiz.de/10011522496