Monopsony in Motion: Imperfect Competition in Labor Markets
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Princeton, N.J.
Princeton University Press
[2005]
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1515/9781400850679 |
| Beschreibung: | What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject |
| Umfang: | 1 Online-Ressource (416p.) |
| ISBN: | 9781400850679 |
| DOI: | 10.1515/9781400850679 |
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| 500 | |a What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject | ||
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| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Labor market / Mathematical models | |
| 650 | 4 | |a Wages / Mathematical models | |
| 650 | 4 | |a Labor economics / Mathematical models | |
| 650 | 4 | |a Monopsonies / Mathematical models | |
| 650 | 4 | |a Competition / Mathematical models | |
| 650 | 4 | |a Labor market / United States / Mathematical models | |
| 650 | 4 | |a Labor market / Great Britain / Mathematical models | |
| 650 | 4 | |a Marché du travail / Modèles mathématiques | |
| 650 | 4 | |a Salaires / Modèles mathématiques | |
| 650 | 4 | |a Économie du travail / Modèles mathématiques | |
| 650 | 4 | |a Monopsones / Modèles mathématiques | |
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| 650 | 4 | |a Marché du travail / États-Unis / Modèles mathématiques | |
| 650 | 4 | |a Marché du travail / Grande-Bretagne / Modèles mathématiques | |
| 650 | 4 | |a Arbeidseconomie | |
| 650 | 4 | |a Arbeidsmarkt | |
| 650 | 4 | |a Onvolledige concurrentie | |
| 650 | 4 | |a Nachfragemonopol | |
| 650 | 4 | |a Arbeitsmarktforschung | |
| 650 | 4 | |a Unvollständige Konkurrenz | |
| 650 | 4 | |a Mathematisches Modell | |
| 650 | 4 | |a Monopsones | |
| 650 | 4 | |a Politique salariale / Grande-Bretagne | |
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Datensatz im Suchindex
| _version_ | 1818980316984901632 |
|---|---|
| any_adam_object | |
| author | Manning, Alan |
| author_facet | Manning, Alan |
| author_role | aut |
| author_sort | Manning, Alan |
| author_variant | a m am |
| building | Verbundindex |
| bvnumber | BV042523175 |
| collection | ZDB-23-DGG |
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| dewey-full | 331.12 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 331 - Labor economics |
| dewey-raw | 331.12 |
| dewey-search | 331.12 |
| dewey-sort | 3331.12 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1515/9781400850679 |
| format | Electronic eBook |
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| indexdate | 2024-12-20T17:13:30Z |
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| isbn | 9781400850679 |
| language | English |
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| spelling | Manning, Alan Verfasser aut Monopsony in Motion Imperfect Competition in Labor Markets Alan Manning Princeton, N.J. Princeton University Press [2005] 1 Online-Ressource (416p.) txt rdacontent c rdamedia cr rdacarrier What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject In English Wirtschaft Labor market / Mathematical models Wages / Mathematical models Labor economics / Mathematical models Monopsonies / Mathematical models Competition / Mathematical models Labor market / United States / Mathematical models Labor market / Great Britain / Mathematical models Marché du travail / Modèles mathématiques Salaires / Modèles mathématiques Économie du travail / Modèles mathématiques Monopsones / Modèles mathématiques Concurrence / Modèles mathématiques Marché du travail / États-Unis / Modèles mathématiques Marché du travail / Grande-Bretagne / Modèles mathématiques Arbeidseconomie Arbeidsmarkt Onvolledige concurrentie Nachfragemonopol Arbeitsmarktforschung Unvollständige Konkurrenz Mathematisches Modell Monopsones Politique salariale / Grande-Bretagne Politique salariale / États-Unis BUSINESS & ECONOMICS / Labor bisacsh POLITICAL SCIENCE / Labor & Industrial Relations bisacsh Arbeitsmarkt Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Unvollständige Konkurrenz (DE-588)4121834-6 gnd rswk-swf Nachfragemonopol (DE-588)4208011-3 gnd rswk-swf Großbritannien USA Arbeitsmarkt (DE-588)4002733-8 s Unvollständige Konkurrenz (DE-588)4121834-6 s Nachfragemonopol (DE-588)4208011-3 s 1\p DE-604 https://doi.org/10.1515/9781400850679 Verlag Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Manning, Alan Monopsony in Motion Imperfect Competition in Labor Markets Wirtschaft Labor market / Mathematical models Wages / Mathematical models Labor economics / Mathematical models Monopsonies / Mathematical models Competition / Mathematical models Labor market / United States / Mathematical models Labor market / Great Britain / Mathematical models Marché du travail / Modèles mathématiques Salaires / Modèles mathématiques Économie du travail / Modèles mathématiques Monopsones / Modèles mathématiques Concurrence / Modèles mathématiques Marché du travail / États-Unis / Modèles mathématiques Marché du travail / Grande-Bretagne / Modèles mathématiques Arbeidseconomie Arbeidsmarkt Onvolledige concurrentie Nachfragemonopol Arbeitsmarktforschung Unvollständige Konkurrenz Mathematisches Modell Monopsones Politique salariale / Grande-Bretagne Politique salariale / États-Unis BUSINESS & ECONOMICS / Labor bisacsh POLITICAL SCIENCE / Labor & Industrial Relations bisacsh Arbeitsmarkt Arbeitsmarkt (DE-588)4002733-8 gnd Unvollständige Konkurrenz (DE-588)4121834-6 gnd Nachfragemonopol (DE-588)4208011-3 gnd |
| subject_GND | (DE-588)4002733-8 (DE-588)4121834-6 (DE-588)4208011-3 |
| title | Monopsony in Motion Imperfect Competition in Labor Markets |
| title_auth | Monopsony in Motion Imperfect Competition in Labor Markets |
| title_exact_search | Monopsony in Motion Imperfect Competition in Labor Markets |
| title_full | Monopsony in Motion Imperfect Competition in Labor Markets Alan Manning |
| title_fullStr | Monopsony in Motion Imperfect Competition in Labor Markets Alan Manning |
| title_full_unstemmed | Monopsony in Motion Imperfect Competition in Labor Markets Alan Manning |
| title_short | Monopsony in Motion |
| title_sort | monopsony in motion imperfect competition in labor markets |
| title_sub | Imperfect Competition in Labor Markets |
| topic | Wirtschaft Labor market / Mathematical models Wages / Mathematical models Labor economics / Mathematical models Monopsonies / Mathematical models Competition / Mathematical models Labor market / United States / Mathematical models Labor market / Great Britain / Mathematical models Marché du travail / Modèles mathématiques Salaires / Modèles mathématiques Économie du travail / Modèles mathématiques Monopsones / Modèles mathématiques Concurrence / Modèles mathématiques Marché du travail / États-Unis / Modèles mathématiques Marché du travail / Grande-Bretagne / Modèles mathématiques Arbeidseconomie Arbeidsmarkt Onvolledige concurrentie Nachfragemonopol Arbeitsmarktforschung Unvollständige Konkurrenz Mathematisches Modell Monopsones Politique salariale / Grande-Bretagne Politique salariale / États-Unis BUSINESS & ECONOMICS / Labor bisacsh POLITICAL SCIENCE / Labor & Industrial Relations bisacsh Arbeitsmarkt Arbeitsmarkt (DE-588)4002733-8 gnd Unvollständige Konkurrenz (DE-588)4121834-6 gnd Nachfragemonopol (DE-588)4208011-3 gnd |
| topic_facet | Wirtschaft Labor market / Mathematical models Wages / Mathematical models Labor economics / Mathematical models Monopsonies / Mathematical models Competition / Mathematical models Labor market / United States / Mathematical models Labor market / Great Britain / Mathematical models Marché du travail / Modèles mathématiques Salaires / Modèles mathématiques Économie du travail / Modèles mathématiques Monopsones / Modèles mathématiques Concurrence / Modèles mathématiques Marché du travail / États-Unis / Modèles mathématiques Marché du travail / Grande-Bretagne / Modèles mathématiques Arbeidseconomie Arbeidsmarkt Onvolledige concurrentie Nachfragemonopol Arbeitsmarktforschung Unvollständige Konkurrenz Mathematisches Modell Monopsones Politique salariale / Grande-Bretagne Politique salariale / États-Unis BUSINESS & ECONOMICS / Labor POLITICAL SCIENCE / Labor & Industrial Relations Arbeitsmarkt Großbritannien USA |
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