Who Set Your Wage?

David Card

No 29683, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: I discuss the recent literature that has led to new interest in the idea of monopsonistic wage setting. Building on advances in search theory and in models of differentiated products, researchers have used a number of different strategies to identify the elasticity of firm-specific labor supply. A growing consensus is that firms have some wage-setting power, though many questions remain about the sources of that power.

JEL-codes: J30 J42 (search for similar items in EconPapers)
Date: 2022-01
New Economics Papers: this item is included in nep-com and nep-lma
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Citations: View citations in EconPapers (15)

Published as David Card, 2022. "Who Set Your Wage?," American Economic Review, vol 112(4), pages 1075-1090.

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