Labor Market Power and Between-Firm Wage (In)Equality

被引：4

作者：

Mertens, Matthias ^{[1
,2
,3
]}

机构：

[1] Halle Inst Econ Res IWH, Kleine Markerstr 8, D-06108 Halle, Germany

[2] Competitiveness Res Network CompNet, Kleine Markerstr 8, D-06108 Halle, Germany

[3] Leibniz Inst Wirtschaftsforsch Halle, Kleine Markerstr 8, D-06108 Halle, Germany

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2023年 / 91卷

关键词：

Firm wage differences; labor market power; monopsony; rent-sharing; PRODUCTIVITY DISPERSION; INEQUALITY; MARKUPS; OWNERSHIP; EARNINGS; TRADE; RISE;

D O I：

10.1016/j.ijindorg.2023.103005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

I study how labor market power affects firm wage differences using German manufacturing sector firm-level data (1995-2016). In past decades, labor market power increasingly moderated rising between-firm wage differences. This is because high-paying firms possess high and increasing labor market power and pay wages below competitive levels, whereas low-wage firms pay competitive or even above competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labor market rents while charging comparably low product markups. This provides novel insights on why such top firms are profitable and successful. Using micro-aggregated data covering most economic sectors, I validate key results for multiple Euro-pean countries.

引用

页数：17

共 62 条

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