RT @arindube: In our 2022 JHR paper, we specifically found that quits (or separations) are less responsive to wage changes in the lower-wag…
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RT @arindube: In our 2022 JHR paper, we specifically found that quits (or separations) are less responsive to wage changes in the lower-wag…
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In our 2022 JHR paper, we specifically found that quits (or separations) are less responsive to wage changes in the lower-wage market segment. Meaning more monopsony power in low-wage labor market. https://t.co/VVPSrC4zi0 https://t.co/bY3j89zU1B
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@hgggrA @AscendedYield Firms may set wages lower than competitive rates due to monopsony + asymetric information. Some evidence shows that unions have beneficial effects on productivity and decrease overall price levels. https://t.co/GqJdViKQGL https://…