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https://hdl.handle.net/10419/44237
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Thisse, Jacques-François | en |
dc.contributor.author | Toulemonde, Eric | en |
dc.date.accessioned | 2011-02-02 | - |
dc.date.accessioned | 2011-02-11T14:30:51Z | - |
dc.date.available | 2011-02-11T14:30:51Z | - |
dc.date.issued | 2010 | - |
dc.identifier.pi | urn:nbn:de:101:1-201010133403 | en |
dc.identifier.uri | http://hdl.handle.net/10419/44237 | - |
dc.description.abstract | Recent empirical contributions in labor economics suggest that individual firms face upward sloping labor supplies. We rationalize this by assuming that diosyncratic non-pecuniary conditions interact with money wages in workers' decisions to work for specific firms. Likewise, firms supply differentiated goods in response to differences in consumer tastes. Hence, firms are price-makers and wage-setters. By combining monopolistic and monopsonistic competition, our setting encapsulates general equilibrium interactions between the two markets. The equilibrium involves double exploitation of labor. Compared to the competitive outcome, the high-productive workers are overpaid under free entry, whereas the low-productive workers are underpaid. In the same vein, capital-owners receive a premium, whereas workers are exploited. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x5136 | en |
dc.subject.jel | D33 | en |
dc.subject.jel | J31 | en |
dc.subject.jel | J42 | en |
dc.subject.jel | J71 | en |
dc.subject.jel | L13 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | worker heterogeneity | en |
dc.subject.keyword | monopsonistic competition | en |
dc.subject.keyword | monopolistic competition | en |
dc.subject.keyword | labor exploitation | en |
dc.subject.keyword | wage dispersion | en |
dc.title | The distribution of earnings under monopsonistic/polistic competition | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 645081159 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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