underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany …Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers … model, such anchoring can give rise to monopsony and labor market segmentation. In line with the model, misperceptions are …

underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany …Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers … model, such anchoring can give rise to monopsony and labor market segmentation. In line with the model, misperceptions are …

remuneration are twofold: they can incentivize workers and make it easier to adjust wages downward in response to negative shocks …

concentration within smaller cities, primarily help explain the variance of top wages within these cities/labor markets. …

-paying firms possess high and increasing labour market power and pay wages below competitive levels, whereas low-wage firms pay … competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labour market rents while …

-paying firms possess high and increasing labour market power and pay wages below competitive levels, whereas low-wage firms pay … competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labour market rents while …

data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and …, low-wage, low-MRPL firms possess no labour market power and pay wages equal to or even above their MRPL, whereas large …, high-wage, high-MRPL firms possess high labour market power and pay wages below their MRPL. These wage-MRPL differences …

data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and …, low-wage, low-MRPL firms possess no labour market power and pay wages equal to or even above their MRPL, whereas large …, high-wage, high-MRPL firms possess high labour market power and pay wages below their MRPL. These wage-MRPL differences …

restrictions on employment opportunities help explain why immigrants have lower employment and wages than native citizens. To test … prioritizing residents over refugees. Consistent with an effect of outside options on wages, removing 10% of jobs reduces refugees …' hourly wages by 2.8% and increases the wage gap to similar host-country citizens in similar jobs by 2.2%. Furthermore, we …

restrictions on employment opportunities help explain why immigrants have lower employment and wages than native citizens. To test … prioritizing residents over refugees. Consistent with an effect of outside options on wages, removing 10% of jobs reduces refugees …' hourly wages by 2.8% and increases the wage gap to similar host-country citizens in similar jobs by 2.2%. Furthermore, we …