J42

Sydnee Caldwell · Ingrid Haegele · Jörg Heining

How prevalent is individual wage bargaining in the labor market, what determines firms' bargaining strategies, how do bargaining encounters unfold for workers, and does heterogeneity in bargaining …

Emmanuel Dhyne · Ayumu Ken Kikkawa · Toshiaki Komatsu · Magne Mogstad · Felix Tintelnot

The paper asks three related questions in the context of Belgium, a small open economy: (1) What do firms' responses to demand shocks reveal about their cost structures? (2) What are the worker and …

David Berger · Kyle Herkenhoff · Simon Mongey

Can minimum wages improve welfare through efficiency — by correcting monopsony-driven under-employment — and, if so, by how much? What is the optimal minimum wage, and how much of the welfare gain …

Rüdiger Bachmann · Christian Bayer · Heiko Stüber · Felix Wellschmied

When employers face a trade-off between growing large and paying low wages — that is, when they have monopsony power — some productive employers will decide to acquire fewer customers, forgo sales, …

Ellora Derenoncourt · David Weil

This paper studies the labor market effects of voluntary minimum wages (VMWs) — company-wide, publicly announced wage floors set by large private employers — in the U.S. low-wage retail and service …

Samuel Dodini · Anna Stansbury · Alexander Willén

This paper studies who bears the cost when unions raise worker wages — consumers, shareholders, other workers, or nobody, if productivity offsets the cost — using a legislative change in Norway that …