Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284240 
Year of Publication: 
2023
Series/Report no.: 
IFS Working Papers No. 23/14
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
We build a model of job design under monopsony that yields predictions over the relationship between: (i) the amenity value of non-wage job features; (ii) whether they are costly or profitable to firms; (iii) monopsony power. We analyse the amenity value of schedule flexibility offered in the labour market by combining our model's predictions with a new measure of schedule flexibility, which we construct from job vacancy text using a supervised machine learning approach. We show that the amenity value of schedule flexibility depends crucially on whether it is offered alongside a salaried contract that insures workers from earnings variation.
Subjects: 
Work design
Working time design
Monopsony
Modeling
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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