全球智库信息集成服务系统(G2TT): Monopsony in Spatial Equilibrium

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26295
来源ID	Working Paper 26295
	Monopsony in Spatial Equilibrium
	Matthew E. Kahn; Joseph Tracy
发表日期	2019-09-23
出版年	2019
语种	英语
摘要	An emerging labor economics literature studies the consequences of firms exercising market power in local labor markets. These monopsony models have implications for trends in earnings inequality. The extent of this market power is likely to vary across local labor markets. In choosing what local labor market to live and work in, workers tradeoff wages, rents and local amenities. Building on the Rosen/Roback spatial equilibrium model, we investigate how the existence of local monopsony power affects the cross-sectional spatial distribution of wages and rents across cities. We find an elasticity of land prices to employment concentration of –0.037—similar to Rinz (2018) reported elasticity of compensation. For renters, this offsets the monopsony wage effect and shifts part of the incidence of monopsony to homeowners.
主题	Labor Economics ; Labor Compensation ; Regional and Urban Economics
URL	https://www.nber.org/papers/w26295
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/583967
推荐引用方式 GB/T 7714	Matthew E. Kahn,Joseph Tracy. Monopsony in Spatial Equilibrium. 2019.