Making their own weather?

Detalhes bibliográficos
Autor(a) principal: Martins, Pedro S.
Data de Publicação: 2023
Outros Autores: Melo, António
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/160930
Resumo: Funding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support ( VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia ( SFRH/BD/146123/2019 ). The usual disclaimer applies. Funding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support (VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia (SFRH/BD/146123/2019). The usual disclaimer applies. Publisher Copyright: © 2023 The Author(s)
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spelling Making their own weather?Estimating employer labour-market power and its wage effectsOligopsonyPortugalRegional labour marketsWagesWorker mobilityEconomics and EconometricsUrban StudiesFunding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support ( VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia ( SFRH/BD/146123/2019 ). The usual disclaimer applies. Funding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support (VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia (SFRH/BD/146123/2019). The usual disclaimer applies. Publisher Copyright: © 2023 The Author(s)The subdued wage growth observed in many countries has spurred interest in monopsony views of regional labour markets. This study measures the extent and robustness of employer power and its wage implications exploiting comprehensive matched employer–employee data. We find average (employment-weighted) Herfindhal indices of 800 to 1,100, stable over the 1986–2019 period covered, and that typically less than 8% of workers are exposed to concentration levels thought to raise market power concerns. When controlling for both worker and firm heterogeneity and instrumenting for concentration, we find that wages are negatively affected by employer concentration, with elasticities of around −1.4%. We also find that several methodological choices can change significantly both the measurement of concentration and its wage effects.NOVA School of Business and Economics (NOVA SBE)RUNMartins, Pedro S.Melo, António2023-12-05T22:46:39Z2024-012024-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/160930eng0094-1190PURE: 77756198https://doi.org/10.1016/j.jue.2023.103614info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:43:43Zoai:run.unl.pt:10362/160930Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:58:17.042489Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Making their own weather?
Estimating employer labour-market power and its wage effects
title Making their own weather?
spellingShingle Making their own weather?
Martins, Pedro S.
Oligopsony
Portugal
Regional labour markets
Wages
Worker mobility
Economics and Econometrics
Urban Studies
title_short Making their own weather?
title_full Making their own weather?
title_fullStr Making their own weather?
title_full_unstemmed Making their own weather?
title_sort Making their own weather?
author Martins, Pedro S.
author_facet Martins, Pedro S.
Melo, António
author_role author
author2 Melo, António
author2_role author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Martins, Pedro S.
Melo, António
dc.subject.por.fl_str_mv Oligopsony
Portugal
Regional labour markets
Wages
Worker mobility
Economics and Econometrics
Urban Studies
topic Oligopsony
Portugal
Regional labour markets
Wages
Worker mobility
Economics and Econometrics
Urban Studies
description Funding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support ( VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia ( SFRH/BD/146123/2019 ). The usual disclaimer applies. Funding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support (VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia (SFRH/BD/146123/2019). The usual disclaimer applies. Publisher Copyright: © 2023 The Author(s)
publishDate 2023
dc.date.none.fl_str_mv 2023-12-05T22:46:39Z
2024-01
2024-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/160930
url http://hdl.handle.net/10362/160930
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0094-1190
PURE: 77756198
https://doi.org/10.1016/j.jue.2023.103614
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eu_rights_str_mv openAccess
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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