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Monopsonistic Labour Markets and the Gender Pay Gap: Theory and Empirical Evidence
Boris Hirsch
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Description for Monopsonistic Labour Markets and the Gender Pay Gap: Theory and Empirical Evidence
Paperback. .
1. 1 Wage Setting vs. Wage Taking Inhisground-breakingmonographMonopsonyin Motion:Imperfect Competitionin Labor Markets, Manning (2003a, p. 3) starts his argument in favour of a monop- nistic approach to labour market phenomena with a compelling case against perfect competition: 'What happens if an employer cuts the wage it pays its workers by one cent? Much of labor economics is built on the assumption that all existing workers immediately leave the rm as that is the implication of the assumption of perfect competition in the labor market. ' Taking the model literally, this would indeed be its prediction. Other than in a perfectly ... Read more
1. 1 Wage Setting vs. Wage Taking Inhisground-breakingmonographMonopsonyin Motion:Imperfect Competitionin Labor Markets, Manning (2003a, p. 3) starts his argument in favour of a monop- nistic approach to labour market phenomena with a compelling case against perfect competition: 'What happens if an employer cuts the wage it pays its workers by one cent? Much of labor economics is built on the assumption that all existing workers immediately leave the rm as that is the implication of the assumption of perfect competition in the labor market. ' Taking the model literally, this would indeed be its prediction. Other than in a perfectly ... Read more
Product Details
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
303
Format
Paperback
Publication date
2010
Series
Lecture Notes in Economics and Mathematical Systems
Condition
New
Number of Pages
280
Place of Publication
Berlin, Germany
ISBN
9783642104084
SKU
V9783642104084
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-2
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