Arbeitspapier
Granular Search, Market Structure, and Wages
We build a model where firm size is a source of labor market power. The key mechanism is that a granular employer can eliminate its own vacancies from a worker's outside option in the wage bargain. Hence, a granular employer does not compete with itself. We show how wages depend on employment concentration and then use the model to quantify the effects of granular market power. In Austrian micro-data, we find that granular market power depresses wages by about ten percent and can explain 40 percent of the observed decline in the labor share from 1997 to 2015. Mergers decrease competition for workers and reduce wages even at non-merging firms.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 12574
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Monopsony; Segmented Labor Markets
- Thema
-
market power
labor share
search and matching
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jarosch, Gregor
Nimczik, Jan Sebastian
Sorkin, Isaac
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Jarosch, Gregor
- Nimczik, Jan Sebastian
- Sorkin, Isaac
- Institute of Labor Economics (IZA)
Entstanden
- 2019
Ähnliche Objekte (12)
Search, wage posting, and urban spatial structure
Search, wage posting, and urban spatial structure
Minimum wage effects on labor market outcomes under search with bargaining
Wage-Specific Search Intensity
Gender-Specific Wage Structure and the Gender Wage Gap in the U.S. Labor Market
Toward granular search-based automatic unit test case generation
Globalization and labor market outcomes: wage bargaining, search frictions, and firm heterogeneity
Labor market institutions and wage formation in an economy with search frictions
Globalization and labor market outcomes: wage bargaining, search frictions, and firm heterogeneity
Wage Dispersion and Search Behavior
Granular computing : an emerging paradigm ; with 47 tables
Reservation Wages, Search Duration, and Accepted Wages in Europe
Search, wage posting, and urban spatial structure
Search, wage posting, and urban spatial structure
Minimum wage effects on labor market outcomes under search with bargaining
Wage-Specific Search Intensity
Gender-Specific Wage Structure and the Gender Wage Gap in the U.S. Labor Market
Toward granular search-based automatic unit test case generation
Globalization and labor market outcomes: wage bargaining, search frictions, and firm heterogeneity
Labor market institutions and wage formation in an economy with search frictions
Globalization and labor market outcomes: wage bargaining, search frictions, and firm heterogeneity
Wage Dispersion and Search Behavior
Granular computing : an emerging paradigm ; with 47 tables
Reservation Wages, Search Duration, and Accepted Wages in Europe
Search, wage posting, and urban spatial structure
Search, wage posting, and urban spatial structure
Minimum wage effects on labor market outcomes under search with bargaining
Wage-Specific Search Intensity
Gender-Specific Wage Structure and the Gender Wage Gap in the U.S. Labor Market
Toward granular search-based automatic unit test case generation
Globalization and labor market outcomes: wage bargaining, search frictions, and firm heterogeneity
Labor market institutions and wage formation in an economy with search frictions
Globalization and labor market outcomes: wage bargaining, search frictions, and firm heterogeneity
Wage Dispersion and Search Behavior
Granular computing : an emerging paradigm ; with 47 tables