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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/44237
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Thisse, Jacques-François | | en_US |
| dc.contributor.author | | Toulemonde, Eric | | en_US |
| dc.date.accessioned | | 2011-02-02 | | en_US |
| dc.date.accessioned | | 2011-02-11T14:30:51Z | | - |
| dc.date.available | | 2011-02-11T14:30:51Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-201010133403 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/44237 | | - |
| dc.description.abstract | | Recent empirical contributions in labor economics suggest that individual firms face upward sloping labor supplies. We rationalize this by assuming that diosyncratic non-pecuniary conditions interact with money wages in workers' decisions to work for specific firms. Likewise, firms supply differentiated goods in response to differences in consumer tastes. Hence, firms are price-makers and wage-setters. By combining monopolistic and monopsonistic competition, our setting encapsulates general equilibrium interactions between the two markets. The equilibrium involves double exploitation of labor. Compared to the competitive outcome, the high-productive workers are overpaid under free entry, whereas the low-productive workers are underpaid. In the same vein, capital-owners receive a premium, whereas workers are exploited. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5136 | | en_US |
| dc.subject.jel | | D33 | | en_US |
| dc.subject.jel | | J31 | | en_US |
| dc.subject.jel | | J42 | | en_US |
| dc.subject.jel | | J71 | | en_US |
| dc.subject.jel | | L13 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | worker heterogeneity | | en_US |
| dc.subject.keyword | | monopsonistic competition | | en_US |
| dc.subject.keyword | | monopolistic competition | | en_US |
| dc.subject.keyword | | labor exploitation | | en_US |
| dc.subject.keyword | | wage dispersion | | en_US |
| dc.title | | The distribution of earnings under monopsonistic/polistic competition | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 645081159 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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