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Optimal Taxation and Monopsonistic Labor Market: Does Monopsony Justify the Minimum Wage?
Cahuc, Pierre; Laroque, Guy - Institute for the Study of Labor (IZA) - 2007
We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are …
Persistent link: https://www.econbiz.de/10005822064
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Classic Monopsony or New Monopsony? : Searching for Evidence in Nursing Labor Markets
Schumacher, Edward J.; Hirsch, Barry T. - 2004
The market for hospital registered nurses (RNs) is often offered as an example of ?classic? monopsony, while a ?new …? monopsony literature emphasizes firm labor supply being upwardsloping for reasons other than market structure. Using data from … several sources, we explore the relationship between wages and measures of classic and new monopsony. Micro wage data for 1993 …
Persistent link: https://www.econbiz.de/10010261903
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Labor Market Concentration
Azar, José; Marinescu, Ioana E.; Steinbaum, Marshall - 2017
A product market is concentrated when a few firms dominate the market. Similarly, a labor market is concentrated when a few firms dominate hiring in the market. Using data from the leading employment website CareerBuilder.com, we calculate labor market concentration for over 8,000...
Persistent link: https://www.econbiz.de/10011816526
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Employer Market Power in Silicon Valley
Gibson, Matthew - 2021
Adam Smith alleged that secret employer collusion to reduce labor earnings is common. This paper examines an important case of such behavior: no-poach agreements through which technology companies agreed not to compete for each other's workers. Exploiting the plausibly exogenous timing of a US...
Persistent link: https://www.econbiz.de/10012882419
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Monopsony in Growth Theory
Garibaldi, Pietro; Turri, Enrico D. - 2024
used by the optimal growth problem. Finally, the paper shows that the negative welfare effect of monopsony is larger when …
Persistent link: https://www.econbiz.de/10015165892
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Classic Monopsony or New Monopsony? Searching for Evidence in Nursing Labor Markets
Hirsch, Barry T.; Schumacher, Edward J. - Institute for the Study of Labor (IZA) - 2004
The market for hospital registered nurses (RNs) is often offered as an example of “classic” monopsony, while a “new …” monopsony literature emphasizes firm labor supply being upwardsloping for reasons other than market structure. Using data from … several sources, we explore the relationship between wages and measures of classic and new monopsony. Micro wage data for 1993 …
Persistent link: https://www.econbiz.de/10005822249
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Decomposing Recruitment Elasticity in Job Matching
Kambayashi, Ryo; Kawaguchi, Kohei; Otani, Suguru - 2025
This study estimates and decomposes recruitment elasticity, a key measure of employer market power, across job-matching stages using data from Japan's largest job-matching intermediary. On average, recruitment elasticity is negative but not statistically significantly different from zero....
Persistent link: https://www.econbiz.de/10015338921
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Monopsonistic Competition, Low-Wage Labour Markets, and Minimum Wages: An Empirical Analysis
Bachmann, Ronald; Frings, Hanna - 2016
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
Persistent link: https://www.econbiz.de/10011494334
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Do frictions matter in the labor market? Accessions, separations and minimum wage effects
Dube, Arindrajit; Lester, T. William; Reich, Michael - 2011
We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...
Persistent link: https://www.econbiz.de/10010278716
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Do Frictions Matter in the Labor Market? Accessions, Separations and Minimum Wage Effects
Dube, Arindrajit; Lester, T. William; Reich, Michael - Institute for the Study of Labor (IZA) - 2011
We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...
Persistent link: https://www.econbiz.de/10009144857