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Making their own weather?

2024-01Artigo científico Acesso aberto
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dc.contributor.authorMartins, Pedro Silva
dc.contributor.authorMelo, António
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.pblElsevier Science B.V., Amsterdam.
dc.date.accessioned2023-12-05T22:46:39Z
dc.date.available2023-12-05T22:46:39Z
dc.date.issued2024-01
dc.descriptionFunding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support ( VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia ( SFRH/BD/146123/2019 ). The usual disclaimer applies. Funding Information: The authors thank the Editor, three referees, Orley C. Ashenfelter, Andrea Bassanini, Eve Caroli, Wenjing Duan, Judite Goncalves, Juan Jimeno, Claudio Lucifora, Ioana Marinescu, Evan Starr, Marshall Steinbaum, Bledi Taska and conference/workshop participants at the American Economic Association (San Diego), Queen Mary University of London, and the European Commission for comments. The authors also thank INE and the Ministries of Education and Employment, Portugal, for data access, the European Union for financial support (VS/2016/0340 and VP/2019/004/0038 grants) and Joana Saraiva for research assistance. António Melo acknowledges funding by a Ph.D. scholarship from Fundação para a Ciência e Tecnologia (SFRH/BD/146123/2019). The usual disclaimer applies. Publisher Copyright: © 2023 The Author(s)
dc.description.abstractThe subdued wage growth observed in many countries has spurred interest in monopsony views of regional labour markets. This study measures the extent and robustness of employer power and its wage implications exploiting comprehensive matched employer–employee data. We find average (employment-weighted) Herfindhal indices of 800 to 1,100, stable over the 1986–2019 period covered, and that typically less than 8% of workers are exposed to concentration levels thought to raise market power concerns. When controlling for both worker and firm heterogeneity and instrumenting for concentration, we find that wages are negatively affected by employer concentration, with elasticities of around −1.4%. We also find that several methodological choices can change significantly both the measurement of concentration and its wage effects.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent652359
dc.identifier.doi10.1016/j.jue.2023.103614
dc.identifier.issn0094-1190
dc.identifier.otherPURE: 77756198
dc.identifier.otherPURE UUID: 39c30a87-f138-4b69-9549-b288e6133b5c
dc.identifier.otherScopus: 85177759149
dc.identifier.otherWOS: 001126066600001
dc.identifier.urihttp://hdl.handle.net/10362/160930
dc.identifier.urlhttps://www.scopus.com/pages/publications/85177759149
dc.language.isoeng
dc.peerreviewedyes
dc.subjectOligopsony
dc.subjectPortugal
dc.subjectRegional labour markets
dc.subjectWages
dc.subjectWorker mobility
dc.subjectEconomics and Econometrics
dc.subjectUrban Studies
dc.titleMaking their own weather?en
dc.title.subtitleEstimating employer labour-market power and its wage effectsen
dc.typejournal article
degois.publication.titleJournal of Urban Economics
degois.publication.volume139
dspace.entity.typePublication
rcaap.rightsopenAccess

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