| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17302 |
| DP17302 Monopsony Makes Firms not only Small but also Unproductive: Why East Germany has not Converged | |
| Ruediger Bachmann; Christian Bayer; Heiko Stüber; Felix Wellschmied | |
| 发表日期 | 2022-05-12 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | When employers face a trade-off between growing large and paying low wages---that is, when they have monopsony power---some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that East German plants (compared to West German ones) face a steeper size-wage curve, invest less into marketing, and remain smaller. A model with labor market monopsony, product market power, and customer acquisition matching these features of the data predicts 10 percent lower aggregate labor productivity in East Germany. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Aggregate productivity Plant heterogeneity Unions Monopsony power Size-wage curve Monopolistic competition Customer capital Size distortions |
| URL | https://cepr.org/publications/dp17302 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546329 |
| 推荐引用方式 GB/T 7714 | Ruediger Bachmann,Christian Bayer,Heiko Stüber,et al. DP17302 Monopsony Makes Firms not only Small but also Unproductive: Why East Germany has not Converged. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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