Monopsony and collective action in an institutional context
Bibliographic Data
| ID | 9256729 |
|---|---|
| Authors | Mark Stelzner (0000-0002-3663-5126, Connecticut College, New London, CT, USA, corresponding author), Mark Paul (0000-0002-0701-1955, New College of Florida) |
| Year | 2023 |
| Volume | 81 |
| Issue | 2 |
| Pages | 225-245 |
| Publication date | 2023-04-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Social Economy (JOURNAL) |
| Journal identifiers | ISSN: 0034-6764 • E-ISSN: 1470-1162 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00346764.2020.1829017 |
| OpenAlex | W3092313871 |
| Language | EN |
| Citations received | 3 |
| References cited | 29 |
Recent empirical research has documented a dramatic change in government’s role in regulating employer–employee relations, a collapse in workers’ collective action, and low wage growth contributing to rising inequality. To better understand the theoretical connections between these variables, we construct a monopsony-wage-model that integrates intertemporal strategic interaction between workers and employers in the wage setting process into an institutional context. We show that workers’ collective action reduces rents to firms. However, workers face multiple obstacles from engaging in collective action. In an environment that does not support workers, as is currently the case, it is maximizing for employees to engage in very little collective action, and, as a result, wage inequality is exacerbated
Action (physics) · Collective action · Construct (python library) · Context (archaeology) · Economic rent · Economics · Labour economics · Microeconomics · Monopsony · Political science · Politics · Wage · Labor market dynamics and wage inequality · Labor Movements and Unions · Political Economy and Marxism
Monopsony in Motion
An Inquiry into the Nature and Causes of the Wealth of Nations
American Capitalism
The Logic of Collective Action
Control Without Responsibility
The Impact of Right-to-Work Laws on Union Organizing
Union Wage Differentials, Product Market Influences and the Division of Rents
The Effect of Unions on Wage Inequality in the U.S. Labor Market
Collective Action and the Second-Order Free-Rider Problem
Unions and Inequality Over the Twentieth Century
The Dynamics and Dilemmas of Collective Action
Economics versus Politics
Nonunion Wage Rates and the Threat of Unionization
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,75 |
| Citation span | 2022 - 2025 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |