Labor Market Power by Employers
Labor Market Power - American Economic Association
The model quantitatively replicates quasi-experimental evidence on imperfect productivity-wage pass-through and strategic wage setting of dominant employers.
Labor Market Power by Employers | Microeconomics
Many employers have some degree of market power in labor markets. The outcomes for those employers will be qualitatively similar though not as extreme as ...
strategic interaction between a finite set of employers in each labor market (Atkeson and Burstein, 2008). The macroeconomy consists of many local labor markets ...
Monopsony Power in Labor Markets | NBER
Beyond its immediate impact on wages, monopsony power also has important consequences for the provision of nonwage amenities by employers. Our ...
It's not just monopoly and monopsony: How market power has ...
Concentration in product markets (a limited number of sellers) is generally labeled monopoly power while concentration in labor markets (a ...
THE STATE OF LABOR MARKET COMPETITION - Treasury
Employers exploit this market power by holding wages and certain non-wage benefits beneath their competitive level. Simultaneously, the decline ...
Measuring labor market concentration using the QCEW
Higher employer concentration is found to be significantly associated with lower wages, suggesting that concentration diminishes the bargaining power of workers ...
The firm's differential wage and employment response across these markets lets us recover market-share- dependent labor supply elasticities. Our estimates range ...
Estimating Labor Market Power | NBER
Job differentiation gives employers market power, allowing them to pay workers less than their marginal productivity. We estimate a ...
U.S. labor market concentration, competition, and worker bargaining ...
Autor, Patterson, and Van Reenan explain the disparate results between employment and sales concentrations by observing that productivity—output ...
The sources of employer market power and avenues for pro ... - CEPR
Half of this gap, or markdown, is driven by the fact that many employed workers do not search for new jobs because searches are time-consuming.
Measuring Employers' Market Power | Richmond Fed
On the other hand, when the firm enjoys monopsony power — the power that comes from being one of few buyers of a good or service (in this case, labor) — the ...
Can the minimum wage combat employers' labor market power?
Raising the minimum wage appears to make only a small dent in the labor market power of employers.
While they aim to quantitatively replicate imperfect productivity-wage pass- through and strategic wage-setting dynamics among dominant employers, we use more ...
Employer Market Power: An Overview of Emerging Evidence
Labor economics suggested otherwise ~30 years ago (e.g. Card and Krueger. 1994 minimum wage study). • Adam Smith wrote about labor market ...
Valuing Labor Market Power: The Role of Productivity Advantages
In wage posting models the ratio of the employment and wage responses to a labor demand shock can be interpreted as a firm-specific labor supply elasticity.
Is There Monopsony Power in U.S. Labor Markets? | Cato Institute
In a competitive labor market, employers and workers represent a small fraction of labor market transactions. Therefore, it is reasonable to model the competing ...
If you don't like your job, can you always quit?: Pervasive ...
Direct estimates of monopsony power that are obtained in thick labor markets—where there are both many workers and many employers—offer the most ...
Monopsony Power in the Labor Market: From Theory to Policy
Labor markets are not perfectly competitive: Monopsony power enables employers to pay workers less than the marginal revenue product of ...
Companies have monopoly power over workers' wages. That's ... - Vox
More and more companies have monopoly power over workers' wages. That's killing the economy. The trend can explain slow growth, “missing” workers, and stagnant ...