Wage Posting or Wage Bargaining? A Test Using Dual Jobholders

• 成果类型: Article
• 署名作者: Lachowska, Marta; Mas, Alexandre; Saggio, Raffaele; Woodbury, Stephen A.
• 署名单位: W.E. Upjohn Institute for Employment Research; Princeton University; National Bureau of Economic Research; University of British Columbia; Michigan State University; W.E. Upjohn Institute for Employment Research
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/718321
• 发表日期: 2022
• 页码: S469-S493
• 关键词: work

摘要

We employ a revealed preference test to distinguish between wage posting and wage bargaining. Using a sample of dual jobholders in Washington State, we estimate the sensitivity of wages and separation rates to wage shocks in a secondary job. In lower parts of the wage distribution, improvements in the outside option lead to higher separations rates but not to higher wages, consistent with wage posting. In the highest wage quartile, improved outside options translate to higher wages but not higher separation rates, consistent with bargaining. In the aggregate, bargaining appears to be a limited determinant of wage setting.