Monopsonistic labour markets
Publikation: Beiträge in Sammelwerken › Aufsätze in Sammelwerken › Forschung
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Elgar Encyclopedia of Labour Studies. Hrsg. / Tor Eriksson. Cheltenham: Edward Elgar Publishing, 2023. S. 130-133 (German Economic Review).
Publikation: Beiträge in Sammelwerken › Aufsätze in Sammelwerken › Forschung
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TY - CHAP
T1 - Monopsonistic labour markets
AU - Hirsch, Boris
AU - Jahn, Elke J.
PY - 2023/9/19
Y1 - 2023/9/19
N2 - Monopsony refers to a labour market with a single employer/buyer of labour being able to set the wage. While for a long time considered as a curiosity, a recent vibrant literature has demonstrated that monopsonistic markets (few buyers of labour with market power) in fact is a widespread phenomenon.Several reasons for monopsony power: search costs, preferences for non-wage attributes, mobility costs and employers’ no-compete agreements. Many studies focus on measurement of monopsony power; the growing evidence of employers actually using it is so far mainly indirect. Studies remain largely silent on specific mechanisms behind monopsony. There is also but little evidence of which policies constrain employers from exercising their monopsony power.
AB - Monopsony refers to a labour market with a single employer/buyer of labour being able to set the wage. While for a long time considered as a curiosity, a recent vibrant literature has demonstrated that monopsonistic markets (few buyers of labour with market power) in fact is a widespread phenomenon.Several reasons for monopsony power: search costs, preferences for non-wage attributes, mobility costs and employers’ no-compete agreements. Many studies focus on measurement of monopsony power; the growing evidence of employers actually using it is so far mainly indirect. Studies remain largely silent on specific mechanisms behind monopsony. There is also but little evidence of which policies constrain employers from exercising their monopsony power.
KW - labour market concentration
KW - monopsony
KW - monopsony power
KW - wage posting
UR - http://www.scopus.com/inward/record.url?scp=105017164554&partnerID=8YFLogxK
U2 - 10.4337/9781800377547.ch31
DO - 10.4337/9781800377547.ch31
M3 - Contributions to collected editions/anthologies
SN - 978-1-80037-753-0
T3 - German Economic Review
SP - 130
EP - 133
BT - Elgar Encyclopedia of Labour Studies
A2 - Eriksson, Tor
PB - Edward Elgar Publishing
CY - Cheltenham
ER -