Labor Market Concentration and Stayers'Wages: Evidence from France

Andrea Bassanini, Cyprien Batut and Eve Caroli ()
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Cyprien Batut: PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Eve Caroli: Legos - Laboratoire d'Economie et de Gestion des Organisations de Santé - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: We investigate the impact of labor market concentration on stayers' wages, where stayers are defined as individuals who remain employed in the same firm for at least two consecutive years. Using administrative data for France, we show that the elasticity of stayers' wages to labor market concentration is negative but small (about -0.014) once controlling for firm productivity, product market competition and match-specific heterogeneity. Given the strong wage rigidities characterizing the French labor market, this estimate can be seen as a lower bound of the effect of labor market concentration on stayers' wages in an international perspective.

Keywords: DT LEDa-LEGOS; Labor market concentration; Monopsony; Wages; Stayers; Match-specific heterogeneity (search for similar items in EconPapers)
Date: 2023-10-16
Note: View the original document on HAL open archive server: https://hal.science/hal-04244671v1
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Related works:
Working Paper: Labor Market Concentration and Stayers'Wages: Evidence from France (2023)
Working Paper: Labor Market Concentration and Stayers' Wages: Evidence from France (2021)
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