Monopsony: wages and job requirements?

Activity: Talk or presentation › Contributed talk › science-to-science

Description

Monopsony gives firms the power to reduce wage payments to workers while on the other hand requirements for applicants could rise. We use unique data for Austria where we can observe vacancies with posted wages along with actual wages paid to workers on the job to explore how monopsony power of firms manifests itself in wage negotiations. Preliminary results show that actual wages as well as job amenities are lower in monopsony situations, whereas firms require higher qualifications from applying workers.
Period29 Jun 2024
Event titleESPE 2024
Event typeConference
LocationNetherlandsShow on map

Fields of science

  • 502018 Macroeconomics
  • 502 Economics
  • 502027 Political economy
  • 502039 Structural policy
  • 502009 Corporate finance
  • 502021 Microeconomics
  • 502010 Public finance
  • 303010 Health economics
  • 502042 Environmental economics
  • 502020 Market research
  • 502047 Economic theory
  • 507016 Regional economy
  • 502003 Foreign trade
  • 502025 Econometrics
  • 502001 Labour market policy
  • 502012 Industrial management
  • 506004 European integration
  • 502002 Labour economics
  • 502013 Industrial economics
  • 502046 Economic policy
  • 504014 Gender studies
  • 405002 Agricultural economics

JKU Focus areas

  • Sustainable Development: Responsible Technologies and Management

Documents & Links