Firms’ Wage-Setting Power: A New Take on Monopsony in the Labor Market

Paulina Restrepo-Echavarria

On the Economy from Federal Reserve Bank of St. Louis

Abstract: Why do some firms seem to pay workers less than what their labor is worth? An economic model gives insights into how wage-setting power arises in modern labor markets.

Keywords: labor markets; wages; firms; workers (search for similar items in EconPapers)
Date: 2025-07-17
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:101337

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