Monopsony in Motion PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Monopsony in Motion PDF full book. Access full book title Monopsony in Motion by Alan Manning. Download full books in PDF and EPUB format.
Author: Alan Manning
Publisher: Princeton University Press
ISBN: 1400850673
Category : Business & Economics
Languages : en
Pages : 414
Get Book Here
Book Description
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Author: Alan Manning
Publisher: Princeton University Press
ISBN: 1400850673
Category : Business & Economics
Languages : en
Pages : 414
Get Book Here
Book Description
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Author: Boris Hirsch
Publisher: Springer Science & Business Media
ISBN: 3642104096
Category : Business & Economics
Languages : en
Pages : 271
Get Book Here
Book Description
This book investigates models of spatial and dynamic monopsony and their application to the persistent empirical regularity of the gender pay gap.
Author: Ajit Mishra
Publisher: Oxford University Press
ISBN: 0198812558
Category : Business & Economics
Languages : en
Pages : 417
Get Book Here
Book Description
With contributions from past and present collaborators, this book celebrates the contributions of Kaushik Basu to development economics. It reflects on the issues of rent control, child labour, labour laws, harrassment, shared prosperity, and gender empowerment in the broader context of interactions between markets, governments, and institutions.
Author: Ravi Kanbur
Publisher: Taylor & Francis
ISBN: 1135969388
Category : Business & Economics
Languages : en
Pages : 586
Get Book Here
Book Description
As developing and transition economies enter the next phase of reforms, labor market issues increasingly come to the fore. With the increased competition from globalization, the discussion is shifting to the need for greater labor market flexibility and the creation of "good" jobs. Moreover, the greater actual and perceived insecurity in labor markets has generated a new agenda on how to structure safety nets and labor market regulation. The older questions of the links between the formal and informal labor market, reappear with new dimensions and significance. More generally, it is clear that an accurate understanding of how labor market structures function is essential if we are to analyze alternative policy proposals in the wake of these concerns. Oddly enough, in spite of this great importance, there are no recent monographs that bring together rigorous studies produced by academic researchers on these various issues. This book fills that gap. Under the steely editorship of Ravi Kanbur and Jan Svejnar, the contributors flourish in their attempts to enliven these debates.
Author: S. M. Ravi Kanbur
Publisher: Taylor & Francis
ISBN: 0415777410
Category : Business & Economics
Languages : en
Pages : 587
Get Book Here
Book Description
This book looks at the links between the formal and informal labor market in developing and transition economies, working towards an accurate understanding of labour markets and analyzing alternative policy proposals.
Author: American Economic Association
Publisher:
ISBN:
Category : Distribution (Economic theory)
Languages : en
Pages : 744
Get Book Here
Book Description
Author: National Council on Economic Education
Publisher: Council for Economic Educat
ISBN: 9781561834877
Category : Education
Languages : en
Pages : 180
Get Book Here
Book Description
This companion to the National Content Standards provides definitions and explanations of key economic concepts as well as scope and sequence guidelines for teaching economics concepts within the K12 curriculum.
Author: Julian Messina
Publisher: Edward Elgar Publishing
ISBN: 184542896X
Category : Business & Economics
Languages : en
Pages : 259
Get Book Here
Book Description
. . . the book is an interesting contribution to the literature on labour market practices in Europe. The important statistics and analysis conducted by the authors in the book have important implications for scholars in the international entrepreneurship field wanting to know more about the diverse labour practices in Europe. Vanessa Ratten, Journal of International Entrepreneurship It is now widely accepted that expansionary fiscal or monetary policies alone are unlikely to help Europe s ailing economies. Solving Europe s economic problems requires reform of the economic institutions that influence economic activity and the way the economy responds to macroeconomic shocks. This volume employs novel approaches to the study of some of these institutions. The group of contributors in this book come from academia and international organizations in Europe and the USA. They focus on trade unions, which affect real-wage flexibility and the provision of training to workers. They also concentrate on employment protection legislation, which discourages firms from firing old workers and also from hiring new ones. The structure of housing market imperfections that can greatly affect regional mobility is also discussed. Labour economists and scholars of European studies, as well as economic policymakers, will read Labour Market Adjustments in Europe with great interest.
Author: Giorgio Brunello
Publisher: Oxford University Press, USA
ISBN: 0199210977
Category : Business & Economics
Languages : en
Pages : 386
Get Book Here
Book Description
Focusing on the accumulation of human capital from two perspectives, through formal education and then professional training, this book provides a summary of the characteristics of education and training in Europe and also asks key questions about the problems with the current educational and training systems.
Author: Athanasios Asimakopulos
Publisher: Springer Science & Business Media
ISBN: 9400926618
Category : Business & Economics
Languages : en
Pages : 258
Get Book Here
Book Description
This book brings together the work of scholars who have written for it independent essays in their areas of particular expertise in the general field of income distribution. The first eight chapters provide a review of the major theories of income distribution, while the final two are con cerned with problems of empirical estimates and inferences. One of these chapters presents estimates of factor shares in national income in the United States, the United Kingdom and Canada, while the other ex amines how relationships between the size distribution of income and economic development are being investigated. A convenient way of conveying an understanding of how economic theorists have dealt with the distribution of income is to examine separ ately each major approach to this subject. Each contributor was thus assigned a particular approach, or a major theorist. No attempt was made to avoid the apparent duplication that occurs when the same references are examined by different contributors. The reader gains by seeing how the same material can be treated by those looking at it from different perspectives. A chapter each has been devoted to Marx and Marshall.
