Who Set Your Wage?

• 成果类型: Article
• 署名作者: Card, David
• 署名单位: University of California System; University of California Berkeley
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.112.4.1075
• 发表日期: 2022
• 页码: 1075-1090
• 关键词: EMPLOYMENT DETERMINATION; job search; MARKET; LABOR; monopsony; earnings; Heterogeneity; unemployment; INFORMATION; COMPETITION

摘要

I discuss the recent literature that has led to new interest in the idea of monopsonistic wage setting. Building on advances in search theory and in models of differentiated products, researchers have used a number of different strategies to identify the elasticity of firm-specific labor supply. A growing consensus is that firms have some wage-setting power, though many questions remain about the sources of that power.