Dynamic Monopsony
Evidence from a French Establishment Panel
Bibliographic Data
| ID | 9728531 |
|---|---|
| Authors | Fathi Fakhfakh (0000-0003-1249-5736, Université Paris-Panthéon-Assas), FELIX FITZROY (0000-0001-7515-5902, University of St Andrews) |
| Year | 2006 |
| Volume | 73 |
| Issue | 291 |
| Pages | 533-545 |
| Publication date | 2006-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2006.00523.x |
| OpenAlex | W1965363822 |
| Language | EN |
| Citations received | 3 |
| References cited | 19 |
This paper uses a panel of about 6000 French establishments to test some implications of the modern theory of dynamic monopsony or upward‐sloping labour supply curves for average firm wages. Panel estimates provide strong evidence of a much larger long‐run employer size–wage effect (ESWE) than found previously, while controlling for worker quality and compensating differentials with lagged wages, and for profitability (rent‐sharing). Employment expansion also has a positive effect on wages, providing further evidence for upward‐sloping labour supply (as distinct from the effect of shocks in a perfectly competitive labour market)
Econometrics · Economics · Efficiency wage · Labour economics · Monopsony · Panel data · Profitability index · Quality (philosophy) · Wage · Firm Innovation and Growth · Labor market dynamics and wage inequality · Taxation and Compliance Studies
Monopsony in Motion
Wage Differentials, Employer Size, and Unemployment
High Wage Workers and High Wage Firms
Another look at the instrumental variable estimation of error-components models
Initial conditions and moment restrictions in dynamic panel data models
The Employer Size-Wage Effect
Why Social Preferences Matter – the Impact of non‐Selfish Motives on Competition, Cooperation and Incentives
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2014 - 2021 (8) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |