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Imperfect competition in the labour market

Manning, Alan - London School of Economics (LSE) - 2010

It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...

Persistent link: https://www.econbiz.de/10010745736

The plant size-place effect: agglomeration and monopsony in labour markets

Manning, Alan - London School of Economics (LSE) - 2007

establishments should be smaller in cities. The paper proposes a theory based on monopsony in labour markets that can explain the …

Persistent link: https://www.econbiz.de/10010745919

Gross worker flows in the presence of informal labor markets. The Mexican experience 1987-2002

Bosch, Mariano; Maloney, William - London School of Economics (LSE) - 2006

This paper applies recent advances in the study of labor market dynamics to a representative developing country with a large unregulated of “informal” sector, Mexico. It finds, first, that the formal salaried sector shows the same procyclical job finding rate and mildly countercyclical...

Persistent link: https://www.econbiz.de/10011071130

Labour market segmentation in Britain: the decline of occupational labour markets and the spread of ‘entry tournaments'

Marsden, David - London School of Economics (LSE) - 2007

characterised by prolonged ‘entry tournaments’. These are driven by ease of entry at the bottom, growth of earnings at the top, and …

Persistent link: https://www.econbiz.de/10011071257

Why has the British national minimum wage had little or no impact on employment?

Metcalf, David - London School of Economics (LSE) - 2007

discussed wage setting, coverage, monopsony, international labour standards, inspection and compliance and the interaction …

Persistent link: https://www.econbiz.de/10010745520

Efficiency wages and the economic effects of the minimum wage: evidence from a low-wage labour market

Georgiadis, Andreas - London School of Economics (LSE) - 2008

We exploit a natural experiment provided by the 1990 introduction of the UK National Minimum Wage (NMW) to investigate the relationship between wages and monitoring and to test for Efficiency Wages considerations in a low-wage sector, the UK residential care homes industry. Our findings seem to...

Persistent link: https://www.econbiz.de/10010928640

Minimum wages and on-the-job training

Acemoglu, Daron; Pischke, Jorn-Steffen - London School of Economics (LSE) - 2002

Becker''s theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10010746286

Labor search and matching in macroeconomics

Yashiv, Eran - London School of Economics (LSE) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment determined as equilibrium phenomena? What...

Persistent link: https://www.econbiz.de/10011071476

Do women earn less even as social entrepreneurs?

Estrin, Saul; Stephan, Ute; Vujić, Sunčica - London School of Economics (LSE) - 2014

Based upon unique survey data collected using respondent driven sampling methods, we investigate whether there is a gender pay gap among social entrepreneurs in the UK. We find that women as social entrepreneurs earn 29% less than their male colleagues, above the average UK gender pay gap of...

Persistent link: https://www.econbiz.de/10011125986

It’s where you work: increases in earnings dispersion across establishments and individuals in the US

Barth, Erling; Bryson, Alex; Davis, James C.; Freeman, … - London School of Economics (LSE) - 2014

earnings among individuals into the part due to changes in earnings among establishments and the part due to changes in … earnings within-establishments and finds that much of the 1970s-2010s increase in earnings inequality results from increased … dispersion of the earnings among the establishments where individuals work. It also shows that the divergence of establishment …

Persistent link: https://www.econbiz.de/10011126610