Monopsony in the Labor Market: New Empirical Results and New Public Policies

Ashenfelter, Orley; Card, David; Farber, Henry S.; Ransom, Michael R.

doi:10.3386/w29522

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Monopsonistic Wage-setting: the Firm Labor Supply Elasticity...1

"Franchisees Shall Not Employ or Seek To Employ Any Person W...1

Interplay Between Wage Markdown and Labor Market Policies1

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2022

2023

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Cited by 5 publications

(3 citation statements)

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“…Evidence for an upwards-sloping firm labor supply elasticity has grown rapidly over the last decade (for reviews, see Ashenfelter et al 2022;Card 2022;Manning 2020). I estimate the firm labor supply elasticity from worker separations responses to their wage (denoted ε sep ), an approach widely used in the literature (e.g.…”

Section: Monopsonistic Wage-setting: the Firm Labor Supply Elasticity...mentioning

confidence: 99%

Firms and inequality when unemployment is high

Bassier

2023

Journal of Development Economics

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Section: Monopsonistic Wage-setting: the Firm Labor Supply Elasticity...mentioning

confidence: 99%

Firms and inequality when unemployment is high

Bassier

2023

Journal of Development Economics

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“…They note that the Washington State Attorney General is seeking to outlaw such agreements. Ashenfelter et al (2022) document 'no poaching' and 'no solicitation' agreements at the other end of the labour market, namely software and animation engineers in Silicon Valley.…”

Section: "Franchisees Shall Not Employ or Seek To Employ Any Person W...mentioning

confidence: 99%

How should we think about employers’ associations?

Bryson

Willman

2022

Brit J Industrial Rel

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Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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“…States. 4 The proportional reduction in work effort is taken to be equal to the wage short-fall relative to the fair wage in such a way that the employer is naturally incentivized to pay just the fair wage to reap the full effort from worker. Worker reprisal implies an upward sloping labor supply at the worker level, where the effort of each worker e is a function of the wage received w relative to the fair wage w f :…”

Section: Interplay Between Wage Markdown and Labor Market Policiesmentioning

confidence: 99%