scholarly journals Imperfect Competition, Compensating Differentials and Rent Sharing in the U.S. Labor Market

2019 ◽  
Author(s):  
Thibaut Lamadon ◽  
Magne Mogstad ◽  
Bradley Setzler
Keyword(s):  
Labor Market ◽  
Imperfect Competition ◽  
Compensating Differentials ◽  
Rent Sharing ◽  
The U.S

scholarly journals Imperfect Competition, Compensating Differentials, and Rent Sharing in the US Labor Market

2022 ◽  
Vol 112 (1) ◽  
pp. 169-212
Author(s):  
Thibaut Lamadon ◽  
Magne Mogstad ◽  
Bradley Setzler
Keyword(s):  
Labor Market ◽  
Panel Data ◽  
Equilibrium Model ◽  
Imperfect Competition ◽  
Job Characteristics ◽  
Compensating Differentials ◽  
Heterogeneous Preferences ◽  
The Us ◽  
Rent Sharing ◽  
The Universe

We quantify the importance of imperfect competition in the US labor market by estimating the size of labor market rents earned by American firms and workers. We construct a matched employer-employee panel dataset by combining the universe of US business and worker tax records for the period 2001–2015. Using this panel data, we identify and estimate an equilibrium model of the labor market with two-sided heterogeneity where workers view firms as imperfect substitutes because of heterogeneous preferences over nonwage job characteristics. The model allows us to draw inference about imperfect competition, worker sorting, compensating differentials, and rent sharing. (JEL D24, H24, H25, J22, J24, J31, J42)

scholarly journals Global Welfare Impacts of U.S. Meat Promotion Activities

2009 ◽  
Vol 38 (3) ◽  
pp. 418-430 ◽  
Author(s):  
Shida Rastegari Henneberry ◽  
Joao E. Mutondo ◽  
B. Wade Brorsen
Keyword(s):  
Imperfect Competition ◽  
Meat Industry ◽  
Supply Source ◽  
Welfare Impacts ◽  
Equilibrium Displacement Model ◽  
Equilibrium Displacement ◽  
Beef Producers ◽  
Global Welfare ◽  
Meat Markets ◽  
The U.S

An equilibrium displacement model of the U.S. meat markets is used to measure the potential impacts of promotion investment, differentiating meats by types and by supply source, taking into account the U.S. participation in global meat markets, and considering imperfect competition in the meat industry. The increase in U.S. producer welfare resulting from a 10 percent increase in promotion ranges from -$1.29 million to $2.60 million for U.S. beef producers and from -$0.96 million to $1.67 million for U.S. pork producers, depending primarily on the advertising elasticity used.

scholarly journals The Growth of Earnings Instability in the U.S. Labor Market

1994 ◽  
Vol 1994 (2) ◽  
pp. 217 ◽  
Author(s):  
Peter Gottschalk ◽  
Robert Moffitt ◽  
Lawrence F. Katz ◽  
William T. Dickens
Keyword(s):  
Labor Market ◽  
Earnings Instability ◽  
The U.S

Not Enough Time?

2014 ◽  
Vol 59 (2) ◽  
pp. 119-127 ◽  
Author(s):  
Daniel S. Hamermesh
Keyword(s):  
Labor Market ◽  
Market Equilibrium ◽  
Family Members ◽  
Market Work ◽  
Work Time ◽  
Rich Countries ◽  
The U.S ◽  
American Labor

This study summarizes evidence on various unique aspects of work time in the American labor market. Compared to workers in other rich countries, Americans: Work longer hours per week; take fewer paid vacations; are more likely to work on weekends or at nights; enjoy fewer daily hours of leisure; are more likely to feel pressured for time. Except for night/weekend work, these phenomena are concentrated among higher earners. Their workaholism spills over onto other workers and non-worker family members. The study indicates policy remedies for what appears to be an inferior labor-market equilibrium of excessive market work in the U.S.

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