Monopsonistic labor markets and international trade

被引：12
作者：
Jha, Priyaranjan [1 ]
Rodriguez-Lopez, Antonio
机构：
[1] Univ Calif Irvine, Irvine, CA 92717 USA
来源：
EUROPEAN ECONOMIC REVIEW | 2021年 / 140卷
关键词：
Monopsonistic labor market; Wage inequality; Trade liberalization; Love of firm variety; SIZE-WAGE PREMIUM; PAY HIGHER WAGES; EMPLOYER-SIZE; INEQUALITY EVIDENCE; FIRM DYNAMICS; JOB FLOWS; EXPORTERS; MODELS; DISTRIBUTIONS; COMPETITION;
D O I：
10.1016/j.euroecorev.2021.103939
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study the impact of trade on wage inequality and welfare when the labor market is monopsonistic. Firm heterogeneity in productivity along with workers' idiosyncratic preferences for different firms generate between-firm wage inequality for workers with identical skills. The model features a novel welfare channel of workers' "love of firm variety."Trade liberalization provides additional welfare gains through the firm-variety channel when monopsony power is high but detracts from welfare gains when monopsony power is low.
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页数：19
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