Who Set Your Wage?

David Card

American Economic Review, 2022, vol. 112, issue 4, 1075-90

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: B21 D21 D24 D43 J22 J31 J42 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (21)

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DOI: 10.1257/aer.112.4.1075

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