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The employer size-wage effect: Can dynamic monopsony provide an explanation?

Green, F; Machin, S; Manning, A; (1996) The employer size-wage effect: Can dynamic monopsony provide an explanation? OXFORD ECON PAP , 48 (3) 433 - 455.

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Abstract

In this paper we argue that a dynamic monopsony model (based on labour market frictions) predicts a positive relationship between wages and employer size, but also that the effect will be larger in the non-union sector than in the union sector, and larger for women than for men. We examine evidence on the employer size-wage effect using several microeconomic data sources, and find it to be generally consistent with these predictions. After examining other theoretical explanations, our conclusion is that at least part of the employer size-wage effect is a result of monopsony power in the labour market.

Type: Article
Title: The employer size-wage effect: Can dynamic monopsony provide an explanation?
Keywords: MINIMUM-WAGES, FIRM SIZE, UNIONS, GAP
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Education, Practice and Society
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/16937
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