Monopsony in Labor Markets: A Meta-Analysis.

Autor/inn/en	Sokolova, Anna; Sorensen, Todd
Titel	Monopsony in Labor Markets: A Meta-Analysis. Gefälligkeitsübersetzung: Monopsonie auf Arbeitsmärkten: Eine Meta-Analyse.
Quelle	In: ILR review, 74 (2021) 1, S. 27-55 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0019-7939; 2162-271X
DOI	10.1177/0019793920965562
Schlagwörter	Lehrer; Entwicklungsland; Industriestaat; Lohn; Unternehmen; Arbeitskräfteangebot; Arbeitskräftebedarf; Arbeitsmarkt; Lohnfindung; Krankenschwester
Abstract	"When jobs offered by different employers are not perfect substitutes, employers gain wage-setting power; the extent of this power can be captured by the elasticity of labor supply to the firm. The authors collect 1,320 estimates of this parameter from 53 studies. Findings show a prominent discrepancy between estimates of direct elasticity of labor supply to changes in wage (smaller) and the estimates converted from inverse elasticities (larger), suggesting that labor market institutions may reign in a substantial amount of firm wage-setting power. This gap remains after they control for 22 additional variables and use Bayesian Model Averaging and LASSO to address model uncertainty; however, it is less pronounced for studies employing an identification strategy. Furthermore, the authors find strong evidence that implies the literature on direct estimates is prone to selective reporting: Negative estimates of the elasticity of labor supply to the firm tend to be discarded, leading to upward bias in the mean reported estimate. Additionally, they point out several socioeconomic factors that seem to affect the degree of monopsony power." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/2