scholarly journals Dealing with monopsony power: Employment subsidies vs. minimum wages

2007 ◽  
Vol 94 (1) ◽  
pp. 83-89 ◽  
Author(s):  
Eric Strobl ◽  
Frank Walsh
Keyword(s):  
Minimum Wages ◽  
Monopsony Power ◽  
Employment Subsidies

scholarly journals Monopsony in Labor Markets: A Review

ILR Review ◽  
2020 ◽  
Vol 74 (1) ◽  
pp. 3-26 ◽  
Author(s):  
Alan Manning
Keyword(s):  
Labor Markets ◽  
Minimum Wages ◽  
Data Sets ◽  
Labor Share ◽  
Monopsony Power ◽  
The Impact ◽  
Employee Data

Researchers’ interest in monopsony has increased in recent years. This article reviews the accumulating evidence that employers have considerable monopsony power. It summarizes the application of this idea to explaining the impact of minimum wages and immigration, in anti-trust, and in understanding how to model the determinants of earnings in matched employer–employee data sets and the implications for inequality and the labor share.

Monopsony power and the demand for low-skilled workers

2021 ◽  
pp. 103530462110424
Author(s):  
Arnd Kölling
Keyword(s):  
Labour Market ◽  
Minimum Wage ◽  
Minimum Wages ◽  
Labour Demand ◽  
Skilled Workers ◽  
Jel Codes ◽  
Employment Effects ◽  
Monopsony Power

This study analyses firms’ labour demand when employers have at least some monopsony power. It is argued that without taking into account (quasi-)monopsonistic structures of the labour market, wrong predictions are made about the effects of minimum wages. Using switching fractional panel probit regressions with German establishment data, I find that slightly more than 80% of establishments exercise some degree of monopsony power in their demand for low-skilled workers. The outcome suggests that a 1% increase in payments for low-skilled workers would, in these firms, increase employment for this group by 1.12%, while firms without monopsony power reduce the number of low-skilled, by about 1.63% for the same increase in remuneration. The study can probably also be used to explain the limited employment effects of the introduction of a statutory minimum wage in Germany and thus leads to a better understanding of the labour market for low-skilled workers. JEL Codes: J23, J42, C23, D24

Minimum Wages and the Gender Gap in Pay. Evidence from the UK and Ireland

2015 ◽  
Author(s):  
Olivier Bargain ◽  
Karina Doorley ◽  
Philippe Van Kerm
Keyword(s):  
Gender Gap ◽  
Minimum Wages ◽  
The Uk

Human Resource Practices in the Non-Star Category Hotels in Kolkata

2015 ◽  
Vol 8 (1and2) ◽  
Author(s):  
P. R. Sandilyan ◽  
Sutheeshana Babu S.
Keyword(s):  
Empirical Study ◽  
Work Environment ◽  
Human Resource ◽  
Minimum Wages ◽  
Human Resource Practices ◽  
Human Resource Managers ◽  
Large Pool ◽  
Resource Managers ◽  
Safety Work ◽  
The City

In this empirical study, the authors made an attempt to examine the challenges faced by the human resource managers and employees as well as the benefits extended to the employees in the non-star hotel segment in the city of Kolkata It was also endeavored to ascertain the standards maintained by these hotels specifically the hygiene, safety, work environment and to mandatory legal and regulatory compliances. The results show that while these hotels were profitable and enjoyed a healthy market, the human resource practices were unhealthy and discriminatory in nature. Employees were neither provided with minimum wages and benefits nor have the establishments shown any interest in adhering to the mandatory compliances. This could largely be attributed to predominance of largely unskilled or inadequately qualified employees and a large pool of outsourced manpower.

State Minimum Wage Laws as a Response to Federal Inaction

2021 ◽  
pp. 0160323X2110008
Author(s):  
Shanna Rose
Keyword(s):  
Minimum Wage ◽  
Federal Policy ◽  
Minimum Wages ◽  
Annual Rate ◽  
Policy Agenda ◽  
State Activity ◽  
Dollar Amount ◽  
Ballot Measure ◽  
State Legislative

This article analyzes state legislative and ballot measure activity related to the minimum wage between 2003 and 2020. The analysis distinguishes proposals to raise the minimum wage from those to index it to the annual rate of inflation, and examines the proposed dollar amount, the process used (legislation vs. ballot measure), and the measure’s success or failure. The analysis suggests that state activity tends to increase when the minimum wage rises on the federal policy agenda, and that partisanship and ideology also play a central role in efforts to raise and index state minimum wages.

Legal Minimum Wages and Employment Duration

2004 ◽  
Vol 70 (3) ◽  
pp. 631-645
Author(s):  
Adam J. Grossberg ◽  
Paul Sicilian
Keyword(s):  
Minimum Wages ◽  
Employment Duration
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