WebGranular Search, Market Structure, and Wages Gregor Jarosch Jan Sebastian Nimczik Isaac Sorkin March 2024 Abstract This paper develops an approach to measuring labor … Weba continuum of rms. In this granular search model, we assume that rms can commit not to compete with their own future job openings. That is, a rm’s future vacancies are not part …

Granular Search, Market Structure, and Wages - zew.de

WebJan 14, 2024 · We show how wages depend on employment concentration and then use the model to quantify the effects of granular market power. In Austrian micro-data, we find … WebWe develop a model where labor market structure affects the division of surplus between firms and workers. Using Austrian data we show that in more concentrated labor markets, workers are more likely to return to past employers. In our model, the possibility of these re-encounters endows firms with size-based market power since outside options are truly … little bear watch cartoon online

Market Structure Analysis (perfect competition, monopolistic ...

WebWe show how wages depend on employment concentration and then use the model to quantify the effects of granular market power. In Austrian micro-data, we find that granular market power depresses wages by about ten percent and can explain 40 percent of the observed decline in the labor share from 1997 to 2015. Webrms. In this granular search model, we assume that rms can commit not to compete with their own future job openings. That is, a rm’s future vacancies are not part of a worker’s threat point in the wage bargain. As a consequence, market structure matters: If a rm accounts for a large share of job openings, then the rm o ers a lower wage. WebGranular Search, Market Structure, and Wages. We build a model where firm size is a source of labor market power. The key mechanism is that a granular employer can … little bear vhs wikia