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来源类型Working Paper
规范类型报告
DOI10.3386/w30365
来源IDWorking Paper 30365
Estimating Labor Market Power
José A. Azar; Steven T. Berry; Ioana Marinescu
发表日期2022-08-22
出版年2022
语种英语
摘要Job differentiation gives employers market power, allowing them to pay workers less than their marginal productivity. We estimate a differentiated jobs model using application data from Careerbuilder.com. We find direct evidence of substantial job differentiation. Without the use of instruments for wages, job applications appear very inelastic with respect to wages. Plausible instruments produce elastic firm-level application supply curves. Under some assumptions, the implied market level labor supply elasticity is 0.5, while the firm level labor elasticity is 4.8. This suggests that workers may produce 21% more than their wage level, consistent with significant monopsony power.
主题Labor Economics ; Labor Market Structures ; Industrial Organization ; Market Structure and Firm Performance
URLhttps://www.nber.org/papers/w30365
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/588037
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GB/T 7714
José A. Azar,Steven T. Berry,Ioana Marinescu. Estimating Labor Market Power. 2022.
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