Monopsony in motion: imperfect competition in labor markets
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Princeton, NJ [u.a.]
Princeton Univ. Press
2003
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Publisher description Sample text Inhaltsverzeichnis Klappentext |
| Item Description: | Literaturverz. S. 379 - 401 |
| Physical Description: | X, 401 S. graph. Darst. |
| ISBN: | 9780691123288 0691123284 0691113122 |
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| adam_text | Contents
Preface
xi
PART ONE: BASICS
1
1
Introduction
3
1.1
The Advantages of a Monopsonistic Perspective
11
1.2
Objections to Monopsony and Oligopsony
13
1.3
Monopsony or Matching or Both?
14
1.4
Antecedents
16
1.5
Summary of Chapters and Main Results
19
2
Simple Models of Monopsony and Oligopsony
29
2.1
Static Partial Equilibrium Models of Monopsony
30
2.2
A Simple Model of Dynamic Monopsony
32
2.3
A Generalized Model of Monopsony
34
2.4
A General Equilibrium Model of Oligopsony
36
2.5
Perfect Competition and Monopsony
42
2.6
A Simple Measure of Monopsony Power
44
2.7
Positive and Normative Aspects of Monopsony and
49
Oligopsony
2.8
Implications and Conclusions
50
Appendix
2 52
3
Efficiency in Oligopsonistic Labor Markets
56
3.1
Free Entry of Firms
59
3.2
Endogenous Recruitment Activity
61
3.3
Elasticity in Labor Supply: Free Entry of Workers
63
3.4
Elasticity in Labor Supply: Heterogeneity in
64
Reservation Wages
3.5
Heterogeneity in Reservation Wages and
65
Free Entry of Firms
3.6
Multiple Equilibria in Models of Oligopsony:
66
An Application to Ghettoes
3.7
Conclusions
69
Appendix
3 70
4
The Elasticity of the Labor Supply Curve to an
80
Individual Firm
4.1
The Employer Size-Wage Effect
81
4.2
Competing Explanations for the Employer
84 ,
Size-Wage Effect
4.3
Reverse Regressions
91
4.4
Estimating Models of Dynamic Monopsony
96
4.5
Estimating the Wage Elasticity of Separations
100
4.6
The
Proportion
of Recruits from Employment
104
4.7
The
Elasticity
of the Labor Supply Curve Facing the Firm
104
4.8
The Estimation of Structural Equilibrium Search Models
106
of the Labor Market
4.9
Conclusions
107
Appendix
4
A
108
Appendix 4B 111
PART TWO: THE STRUCTURE OF WAGES
115
5
The Wage Policies of Employers
117
5.2
The Discriminating Monopsonist
118
5.2
Non-Manipulable Wage Discrimination
121
5.3
Empirical Evidence
129
5.4
Conclusions
136
Appendix
5 137
6
Earnings and the Life Cycle
141
6.1
The Earnings Losses of Displaced Workers
144
6.2
Sample Selection in the Cross-Sectional Earnings Profile
147
6.3
The Cross-Sectional Returns to Experience and Tenure
152
in a Job-Shopping Model
6.4
Empirical Approaches to the Estimation of the Life-
163
Cycle Profile in Earnings
6.5
Estimating the Return to Job Mobility
166
6.6
The Life-Cycle Profile of Earnings for Older Men
176
6.7
Conclusions
179
Appendix
6
A
180
Appendix 6B
189
7
Gender Discrimination in Labor Markets
193
7.1
The Gender Pay Gap
194
7.2
Monopsony and the Gender Pay Gap
195
7.3
The Elasticity in Labor Supply to the Firm and the
198
Market
7.4
Money and Motivation
199
7.5
Gender Differences in the Returns to Job Mobility
205
7.6
Gender Differences in the Wage Elasticity of Separations
206
7.7 Human Capital
Explanations of the Gender Fay Gap
208
7.8
The Effect of UK Equal Pay Legislation
210
7.9
Prejudice and Monopsony
215
7.20
Conclusions
216
8
Employers and Wages
217
8.1
Explaining the Correlations between Employer
218
Characteristics and Wages
8.2
Monopsony and Compensating Wage Differentials
220
8.3
Choice of Working Conditions
223
8.4
Mandated Benefits
225
8.5 Hours of Work
227
8.6
Conclusion
234
Appendix
8 235
PART THREE: LABOR DEMAND AND SUPPLY
237
9
Unemployment, Inactivity, and Labor Supply
239
9.1
Endogenizing Job Search Activity
241
9.2
Unemployment and Inactivity
245
9.3
The Job Search of the Employed
250
9.4
Quits
254
9.5
Involuntary Unemployment
256
9.6
Efficiency Wages and Monopsony
258
9.7
Conclusions
264
Appendix
9 264
10
Vacancies and the Demand for Labor
269
10.1
The Interpretation of Vacancy Statistics
271
10.2
Filling Vacancies
280
10.3
The Technology of Matching: Random versus Balanced
284
Matching
10.4
Empirical Evidence on Random and Balanced Matching
286
10.5
Estimating the Labor Cost Function
292
10.6
Lay-Offs
296
10.7
Conclusions
297
Appendix
10 297
11
Human Capital and Training
301
11.1
Acquiring Education
302
11.2
Employer-Provided General Training
305
11.3
On-the-Job Specific Training
312
11.4
Empirical Analyses of Training
313
11.5
Conclusion
318
Appendix
11 319
PART FOUR: WAGE-SETTING INSTITUTIONS AND
323
CONCLUSIONS
12
The Minimum Wage and Trade Unions
325
22.2
The Minimum Wage and the Distribution of Wages:
325
Spikes and Spillovers
12.2
The Minimum Wage and Changes in US Wage
333
Inequality
12.3
The Minimum Wage and Employment
338
22.4
Models of Trade Unions
347
22.5
Trade Unions and Wages
350
22.6
Conclusions
354
Appendix
12
A
355
Appendix 12B
358
13
Monopsony and the Big Picture
360
23.2
The Sources of Monopsony Power
360
23.2
A Sense of Perspective
361
23.3
Monopsony and Labor Market Policy
364
13.4
Future
Directions
366
53.
S
Conclusions
367
Data Sets Appendix
368
United States
368
United Kingdom
374
Bibliography
379
Index
397
w
hat happens if an employer cuts wages by one
cent? Much of labor economics is built on the
assumption that all the workers will quit imme¬
diately. Here, Alan Manning mounts a systematic
challenge to the standard model of perfect com¬
petition. Monopsony in Motion stands apart by
analyzing labor markets from the real-world per¬
spective that employers have significant market
(or monopsony) power over their workers.
Arguing that this power derives from frictions in
the labor market that make it time-consuming
and costly for workers to change jobs, Manning
re-examines much of labor economics based on
this alternative and equally plausible assumption.
The book addresses the theoretical implica¬
tions of monopsony and presents a wealth of
empirical evidence. Our understanding of the
distribution of wages, unemployment, and human
capital can all be improved by recognizing that
employers have some monopsony power over
their workers.Also considered are policy issues
including the minimum wage, equal pay legisla¬
tion, and caps on working hours. In a monop-
sonistic labor market, concludes Manning, the
free market can no longer be sustained as an
ideal and labor economists need to be more
open-minded in their evaluation of labor market
policies. Monopsony in Motion will represent for
some a new fundamental text in the advanced
study of labor economics, and for others, an
invaluable alternative perspective that hence¬
forth must be taken into account in any serious
consideration of the subject.
|
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| id | DE-604.BV016531779 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T19:11:36Z |
| institution | BVB |
| isbn | 9780691123288 0691123284 0691113122 |
| language | English |
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| spelling | Manning, Alan 1960- Verfasser (DE-588)13188543X aut Monopsony in motion imperfect competition in labor markets Alan Manning Princeton, NJ [u.a.] Princeton Univ. Press 2003 X, 401 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturverz. S. 379 - 401 Unvollständige Konkurrenz (DE-588)4121834-6 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Nachfragemonopol (DE-588)4208011-3 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 s Unvollständige Konkurrenz (DE-588)4121834-6 s DE-604 Nachfragemonopol (DE-588)4208011-3 s DE-188 http://digitool.hbz-nrw.de:1801/webclient/DeliveryManager?pid=2348518&custom_att_2=simple_viewer Monopsony in motion Inhaltsverzeichnis http://www.loc.gov/catdir/description/prin031/2003043396.html Publisher description http://www.loc.gov/catdir/samples/prin031/2003043396.html Sample text Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010215407&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010215407&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Manning, Alan 1960- Monopsony in motion imperfect competition in labor markets Unvollständige Konkurrenz (DE-588)4121834-6 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Nachfragemonopol (DE-588)4208011-3 gnd |
| subject_GND | (DE-588)4121834-6 (DE-588)4002733-8 (DE-588)4208011-3 |
| title | Monopsony in motion imperfect competition in labor markets |
| title_auth | Monopsony in motion imperfect competition in labor markets |
| title_exact_search | Monopsony in motion imperfect competition in labor markets |
| title_full | Monopsony in motion imperfect competition in labor markets Alan Manning |
| title_fullStr | Monopsony in motion imperfect competition in labor markets Alan Manning |
| title_full_unstemmed | Monopsony in motion imperfect competition in labor markets Alan Manning |
| title_short | Monopsony in motion |
| title_sort | monopsony in motion imperfect competition in labor markets |
| title_sub | imperfect competition in labor markets |
| topic | Unvollständige Konkurrenz (DE-588)4121834-6 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Nachfragemonopol (DE-588)4208011-3 gnd |
| topic_facet | Unvollständige Konkurrenz Arbeitsmarkt Nachfragemonopol |
| url | http://digitool.hbz-nrw.de:1801/webclient/DeliveryManager?pid=2348518&custom_att_2=simple_viewer http://www.loc.gov/catdir/description/prin031/2003043396.html http://www.loc.gov/catdir/samples/prin031/2003043396.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010215407&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010215407&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT manningalan monopsonyinmotionimperfectcompetitioninlabormarkets |
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