Monopsony power and minimum wages

Detalhes bibliográficos
Autor(a) principal: Gomes, Henrique Manuel Da Silva
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/104261
Resumo: In this study, we perform an assessment of the level of monopsony power in the Portuguese la-bor market by building on the existing dynamic monopsony literature. After producing firm-levelestimates of the labor supply elasticity, we found evidence of employers having a large degree ofmarket power in the labor market. Furthermore, we perform an assessment of the joint impact ofmonopsony power and the minimum wage on the employment level of the labor market. Our find-ings confirm the predictions made in the literature. We conclude that an increase in minimum wagewill increase the employment level of an employer with a high degree of monopsony power.
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spelling Monopsony power and minimum wagesMonopsonyMinimum wagesWage settingLabor market frictionsDomínio/Área Científica::Ciências Sociais::Economia e GestãoIn this study, we perform an assessment of the level of monopsony power in the Portuguese la-bor market by building on the existing dynamic monopsony literature. After producing firm-levelestimates of the labor supply elasticity, we found evidence of employers having a large degree ofmarket power in the labor market. Furthermore, we perform an assessment of the joint impact ofmonopsony power and the minimum wage on the employment level of the labor market. Our find-ings confirm the predictions made in the literature. We conclude that an increase in minimum wagewill increase the employment level of an employer with a high degree of monopsony power.Portugal, PedroRUNGomes, Henrique Manuel Da Silva2020-09-18T08:03:55Z2020-01-222020-01-032020-01-22T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/104261TID:202492206enginfo: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:RCAAP2024-03-11T04:49:47Zoai:run.unl.pt:10362/104261Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:40:10.988044Repositório 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 Monopsony power and minimum wages
title Monopsony power and minimum wages
spellingShingle Monopsony power and minimum wages
Gomes, Henrique Manuel Da Silva
Monopsony
Minimum wages
Wage setting
Labor market frictions
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Monopsony power and minimum wages
title_full Monopsony power and minimum wages
title_fullStr Monopsony power and minimum wages
title_full_unstemmed Monopsony power and minimum wages
title_sort Monopsony power and minimum wages
author Gomes, Henrique Manuel Da Silva
author_facet Gomes, Henrique Manuel Da Silva
author_role author
dc.contributor.none.fl_str_mv Portugal, Pedro
RUN
dc.contributor.author.fl_str_mv Gomes, Henrique Manuel Da Silva
dc.subject.por.fl_str_mv Monopsony
Minimum wages
Wage setting
Labor market frictions
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Monopsony
Minimum wages
Wage setting
Labor market frictions
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description In this study, we perform an assessment of the level of monopsony power in the Portuguese la-bor market by building on the existing dynamic monopsony literature. After producing firm-levelestimates of the labor supply elasticity, we found evidence of employers having a large degree ofmarket power in the labor market. Furthermore, we perform an assessment of the joint impact ofmonopsony power and the minimum wage on the employment level of the labor market. Our find-ings confirm the predictions made in the literature. We conclude that an increase in minimum wagewill increase the employment level of an employer with a high degree of monopsony power.
publishDate 2020
dc.date.none.fl_str_mv 2020-09-18T08:03:55Z
2020-01-22
2020-01-03
2020-01-22T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/104261
TID:202492206
url http://hdl.handle.net/10362/104261
identifier_str_mv TID:202492206
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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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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