Monopsony in Labor Markets: A Meta-Analysis
نویسندگان
چکیده
منابع مشابه
Classic Monopsony or New Monopsony? Searching for Evidence in Nursing Labor Markets
Prior studies find that hospitals face upward-sloping RN labor supply, which is taken as evidence of monopsonistic power. But previous research finds little relationship across labor markets between RN wages (relative to alternative wages) and measures of market size or hospital density. This inconsistency might be resolved if “classic” monopsonistic power varies over time owing to demand-suppl...
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Manning proposes that the ‘traditional’ monopsony model, once regarded as an analytical curiosity, be adopted as a widely-applicable description of firms’ behavior in labor markets. In Manning’s view, search frictions in the labor market generate upwardsloping labor supply curves to individual firms even when firms are small relative to the labor market. Thus a model of ‘monopsonistic competiti...
متن کاملClassic or new monopsony? Searching for evidence in nursing labor markets.
The market for registered nurses (RNs) is often offered as an example of "classic" monopsony, while a "new" monopsony literature emphasizes that firm labor supply is upward sloping independent of market structure. Using data from multiple sources, we explore the relationship between nursing wages in hospitals and measures of classic and new monopsony. Wage level analysis fails to provide suppor...
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Despite considerable debate as to Wal-Mart’s impact on retail workers, to date there has been little structural analysis on the topic. This paper measures and tests for Wal-Mart’s monopsony power in local labor markets using a dominant-firm model and data on contiguous U.S. counties where the company operates. Empirical results show that Wal-Mart’s monopsony power over workers varies significan...
متن کاملThe Real Thin Theory: Monopsony in Modern Labour Markets
Models of ‘modern monopsony’ based on job differentiation and/or search frictions seem to give employers non-negligible market power over their workers while avoiding the assumption of ‘classical monopsony’ that employers are large in relation to the size of the labour market that many labour economists find implausible. But, this paper argues that this is somewhat of an illusion because modern...
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ژورنال
عنوان ژورنال: ILR Review
سال: 2020
ISSN: 0019-7939,2162-271X
DOI: 10.1177/0019793920965562