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Using register data, we document that the average German labor market, defined by hires in combinations of 3-digit occupations, requirement levels, and commuting zones, is highly concentrated (HHI=0.257). By EU antitrust thresholds, 56 percent of these labor markets feature moderate or high...
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applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined … separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and …
Persistent link: https://www.econbiz.de/10011574924
underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany … model, such anchoring can give rise to monopsony and labor market segmentation. In line with the model, misperceptions are …-wage firms, would not be viable at current wages. …
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This paper investigates the degree of monoposony power of German employers in different industries, using a semi-structural approach based on a dynamic model of monopsonistic competition. The empirical analysis is based on a linked employer-employee data set which allows us to control for...
Persistent link: https://www.econbiz.de/10010483879
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
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