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Monopsony power and minimum wages

Bibliographic Details
Main Author: Gomes, Henrique Manuel Da Silva
Publication Date: 2020
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/104261
Summary: 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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T17:47:36Zoai:run.unl.pt:10362/104261Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T17:18:46.395466Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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