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Labour market concentration, wages and job security in Europe

2023-01Documento de Trabalho Acesso aberto
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dc.contributor.authorBassanini, Andrea
dc.contributor.authorBovini, Giulia
dc.contributor.authorCaroli, Eve
dc.contributor.authorCasanova Ferrando, Jorge
dc.contributor.authorCingano, Federico
dc.contributor.authorFalco, Paolo
dc.contributor.authorFelgueroso, Florentino
dc.contributor.authorJansen, Marcel
dc.contributor.authorMartins, Pedro S.
dc.contributor.authorMelo, António
dc.contributor.authorOberfichtner, Michael
dc.contributor.authorPopp, Martin
dc.date.accessioned2023-01-09T19:39:58Z
dc.date.available2023-01-09T19:39:58Z
dc.date.issued2023-01
dc.description.abstractWe investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable cross-country evidence in the literature. We show that the elasticities of wages with respect to labour market concentration are strikingly similar across countries. Increasing labour market concentration by 10% reduces wages by 0.19% in Germany, 0.22% in France, 0.25% in Portugal and 0.29% in Denmark. We find greater elasticities for job security. An increase in labour market concentration by 10% reduces the probability of being hired on a permanent contract by 0.46% in France, 0.51% in Germany and 2.34% in Portugal. In Italy and Spain, while not affecting this probability, labour market concentration has a strong negative effect on conversions to a permanent contract once hired on a temporary one. Using German and Portuguese data, we provide suggestive evidence that the similarity of our wage elasticities across countries and the greater sensitivity of job security to labour market concentration may be explained by the fact that sector-level collective bargaining is dominant in the countries we study and that it sets wages but usually not contract type.pt_PT
dc.description.versioninfo:eu-repo/semantics/submittedVersionpt_PT
dc.identifier.citationBassanini, Andrea et al. Labour market concentration, wages and job security in Europe. (January 2023) Nova SBE Working Paper Series No. 654pt_PT
dc.identifier.urihttp://hdl.handle.net/10362/147201
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherNova School of Business and Economicspt_PT
dc.relation.ispartofseriesNova SBE Working Paper Series;654
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectLabour market concentrationpt_PT
dc.subjectMonopsonypt_PT
dc.subjectWagespt_PT
dc.subjectJob securitypt_PT
dc.subjectCollective bargainingpt_PT
dc.titleLabour market concentration, wages and job security in Europept_PT
dc.typeworking paper
dspace.entity.typePublication
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person.givenNameAndrea
person.givenNameGiulia
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person.identifier.orcid0000-0002-8479-990X
person.identifier.orcid0000-0002-9097-9798
person.identifier.ridB-6059-2009
person.identifier.scopus-author-id18037738900
rcaap.rightsopenAccesspt_PT
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