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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w30365 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w30365 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/588037 |
推荐引用方式 GB/T 7714 | José A. Azar,Steven T. Berry,Ioana Marinescu. Estimating Labor Market Power. 2022. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w30365.pdf(338KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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