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来源类型Working Paper
规范类型报告
DOI10.3386/w26239
来源IDWorking Paper 26239
Granular Search, Market Structure, and Wages
Gregor Jarosch; Jan Sebastian Nimczik; Isaac Sorkin
发表日期2019-09-09
出版年2019
语种英语
摘要We develop a model where labor market structure affects the division of surplus between firms and workers. Using Austrian data we show that in more concentrated labor markets, workers are more likely to return to past employers. In our model, the possibility of these re-encounters endows firms with size-based market power since outside options are truly outside the firm: firms do not compete with their own vacancies. Hence, a worker's outside option is worse when bargaining with a larger firm, and wages depend on market structure. The quantified model suggests that such size-based market power could substantially reduce wages.
主题Macroeconomics ; Consumption and Investment ; Labor Economics
URLhttps://www.nber.org/papers/w26239
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/583911
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GB/T 7714
Gregor Jarosch,Jan Sebastian Nimczik,Isaac Sorkin. Granular Search, Market Structure, and Wages. 2019.
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