G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17302
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
URLhttps://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.
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