“Marshall Lecture 2020: The Measure of Monopsony”

Langella, Monica; Manning, Alan

doi:10.1093/jeea/jvab039

Cited by 12 publications

(15 citation statements)

References 30 publications

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“…Hence, our findings suggest that even for low-skilled would-be migrants in low-income countries, any migration-enhancing liquidity effects of rising incomes are more than offset by migration-reducing incentive effects through falling income gaps. The estimates are complementary to the results reported by Langella and Manning (2021), who also found a negative relationship across income groups when focusing on migration aspirations. The switch from a positive to a universal negative relationship we observe when controlling for cross-country heterogeneity is in line with what several previous studies have found (e.g.…”

Section: Baseline Specificationcontrasting

confidence: 93%

The link between economic growth and emigration from developing countries: Does migrants' skill composition matter?

Lanati,

Thiele

2023

Kyklos

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Tackling the root causes of migration from developing countries through development cooperation has been suggested as an essential part of the policy mix in OECD migrant destinations. This is even though the evidence on whether economic development leads to more or less people emigrating is so far inconclusive. We investigate the relationship between income per capita and emigration to OECD countries separately for three different skill groups—low‐skilled, medium‐skilled and high‐skilled emigrants—being the first to employ panel regression approaches that account for cross‐country heterogeneity and cover a policy‐relevant time frame of about 5 years. Our findings reveal a universal negative association between income per capita and emigration for all three skill groups and for different income thresholds. This implies that policy makers should not be too concerned about potential trade‐offs between (successful) development cooperation and immigration management, at least in the short to medium run that our analysis covers. At the same time, the scope for using development cooperation as a migration policy instrument can be considered to be limited given the modest size of the estimated income effect: Taking our point estimates at face value, a 10% rise in GDP per capita would on average lead to about 3600 fewer immigrants per destination.

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Section: Baseline Specificationcontrasting

confidence: 93%

The link between economic growth and emigration from developing countries: Does migrants' skill composition matter?

Lanati,

Thiele

2023

Kyklos

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“…Our preferred estimate of the wage elasticity of quits, which disregards the two outlier coefficients at the tails, is −0.36. This estimate is very close to the main separation elasticities reported by Langella and Manning (2021) for the comparable US (−0.31) and UK (−0.37) data.…”

Section: Channelssupporting

confidence: 86%

“…Taken together, we conclude that regional and sectoral restrictions and prioritization are associated with a lower wage elasticity of quits, consistent with the prediction from monopsonistic models. While the estimated elasticities do not have a causal interpretation since we do not have exogenous variation in the wage at the firm level, as in Langella and Manning (2021), our interest lies less in the estimate of the level of the elasticity as such but in the comparison by policy environment. If the biases are constant, then the conclusions about this variation could be valid even if the level is not.…”

Section: Channelsmentioning

confidence: 97%

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The Labor Market Effects of Restricting Refugees' Employment Opportunities

et al. 2023

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“…3. See Posner et al (2018) on USA, Langella and Manning (2021) on UK, Araki et al (2022) on OECD. Manning (2020) offers a thorough review of the issues and evidence pertaining to the exercise of labour market power by firms.…”

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confidence: 99%

From Competition to Inclusion: Assessing the Nature of the South Asian Labour Market from the Perspective of International Core Labour Standards and the Sustainable Development Goals

Islam

2023

South Asian Journal of Human Resources Management

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The textbook construct of a competitive labour market represents an ideal world in which workers and employers have equal bargaining power. Such a construct yields powerful conclusions: Wages are aligned with productivity; employers earn a normal rate of return; there is no involuntary unemployment and working poverty; regulations—such as minimum wages and the presence of unions—impedes the efficient functioning of the labour market. Yet, these conclusions—which have influenced, academic economists, policymakers and redoubtable international agencies—are impaired in the presence of unequal bargaining power of workers and employers. In such circumstances, unscrupulous employers can exploit the vulnerability of workers leading to such deleterious outcomes as working poverty, unsafe working conditions, use of child labour and so forth. This creates the rationale for appropriately designed regulations that seek to create a level playing field between workers and employers and thus facilitate the transition to an ‘inclusive’ labour market.

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“Marshall Lecture 2020: The Measure of Monopsony”

Cited by 12 publications

References 30 publications

The link between economic growth and emigration from developing countries: Does migrants' skill composition matter?

The link between economic growth and emigration from developing countries: Does migrants' skill composition matter?

The Labor Market Effects of Restricting Refugees' Employment Opportunities

From Competition to Inclusion: Assessing the Nature of the South Asian Labour Market from the Perspective of International Core Labour Standards and the Sustainable Development Goals

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