WebJan 14, 2024 · We show how wages depend on employment concentration and then use the model to quantify the effects of granular market power. In Austrian micro-data, we find that granular market power depresses wages by about ten percent and can explain 40 percent of the observed decline in the labor share from 1997 to 2015. WebWe show how wages depend on employment concentration and then use the model to quantify the effects of granular market power. In Austrian micro-data, we find that granular market power depresses wages by about ten percent and can explain 40 percent of the observed decline in the labor share from 1997 to 2015.
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Web3 hours ago · At a more granular level, a parallel trend can be observed in the prices of Egon Schiele watercolours. In 1972, a top-quality watercolour by the artist sold for $26,000. Six years later, a ... WebGranular Search, Market Structure, and Wages. We build a model where firm size is a source of labor market power. The key mechanism is that a granular employer can … signs and symptoms of colitis in adults
DP14231 Granular Search, Market Structure, and Wages
WebThe paper presented in this Mannheim Applied Seminar develops a model where labor market structure affects the division of surplus between firms and workers. Using Austrian data the authors show that in more concentrated labor markets, workers are… WebOct 10, 2024 · Granular Search Market Structure and Wages; Granular Search, Market Structure, and Wages. Seminars - Macroeconomics. 10 October 2024. 12:30 - 13:45. Seminar Room 5.e4.sr04 - Via Roentgen 1. Gregor Jarosch (Princeton University) Paper. Events search. All events. All events. Ettore Bocconi Department of Economics. … WebGranular Search, Market Structure, and Wages Gregor Jarosch Jan Sebastian Nimczik Isaac Sorkin March 2024 Abstract This paper develops an approach to measuring labor … theragun prime vs hypervolt