Global Labor Market Power
Códigos JEL.: J20, J30, J42, L11
- Autores:
-
Amodio, Francesco
Brancati, Emanuele
Brummund, Peter
Roux Uribe, Nicolás de
Di Maio, Michele
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2024
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/74163
- Acceso en línea:
- https://hdl.handle.net/1992/74163
- Palabra clave:
- Labor market power
Self-employment
Development
Labor market institutions
Economía
- Rights
- openAccess
- License
- https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
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Global Labor Market Power |
| title |
Global Labor Market Power |
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Global Labor Market Power Labor market power Self-employment Development Labor market institutions Economía |
| title_short |
Global Labor Market Power |
| title_full |
Global Labor Market Power |
| title_fullStr |
Global Labor Market Power |
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Global Labor Market Power |
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Global Labor Market Power |
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Amodio, Francesco Brancati, Emanuele Brummund, Peter Roux Uribe, Nicolás de Di Maio, Michele |
| dc.contributor.author.none.fl_str_mv |
Amodio, Francesco Brancati, Emanuele Brummund, Peter Roux Uribe, Nicolás de Di Maio, Michele |
| dc.subject.keyword.none.fl_str_mv |
Labor market power Self-employment Development Labor market institutions |
| topic |
Labor market power Self-employment Development Labor market institutions Economía |
| dc.subject.themes.none.fl_str_mv |
Economía |
| description |
Códigos JEL.: J20, J30, J42, L11 |
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2024 |
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2024-03-11T14:06:46Z |
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2024-02 |
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10.57784/1992/74163 |
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1657-7191 10.57784/1992/74163 |
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eng |
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eng |
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Documentos CEDE; 2024-08 |
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https://ideas.repec.org/p/col/000089/021072.html |
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47 páginas |
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Universidad de los Andes |
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Facultad de Economía |
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Universidad de los Andes |
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Amodio, FrancescoBrancati, EmanueleBrummund, PeterRoux Uribe, Nicolás deDi Maio, Michele2024-03-11T14:06:46Z2024-03-11T14:06:46Z2024-021657-7191https://hdl.handle.net/1992/7416310.57784/1992/74163Códigos JEL.: J20, J30, J42, L11We estimate the labor market power of over 13,000 manufacturing establishments across 82 low and middle-income countries around the world. Within local labor markets, larger and more productive firms have higher wage markdowns and pay lower wages. Labor market power across countries exhibits a mild non-linear relationship with GDP per capita, entirely driven by a strong hump-shaped relationship with the share of self-employed workers. Labor market institutions fully account for the hump shape: in countries with unemployment protection, wage markdowns increase with the share of self-employment while the opposite is true in countries without it. We explain this finding through the lens of a simple oligopsonistic labor market model with frictions. Self-employment prevalence correlates with the elasticity of labor supply to the wage paid, and labor market institutions can change the sign of this relationship.Estimamos el poder de mercado laboral de más de 13,000 establecimientos manufactureros en 82 países de ingresos bajos y medios alrededor del mundo. Dentro de los mercados laborales locales, las empresas más grandes y productivas tienen mayores descuentos salariales y pagan salarios más bajos. El poder de mercado laboral exhibe una relación no lineal leve con el PIB per cápita de los países, explicada por una relación con forma de U invertida con el empleo por cuenta propia. Las instituciones laborales explican completamente la relación de U invertida: en países con protección al desempleo, los descuentos salariales aumentan con la participación del empleo por cuenta propia mientras que lo contrario es cierto en países sin ella. Explicamos este hallazgo con un modelo sencillo de mercado laboral oligopsónico con fricciones. La prevalencia del empleo por cuenta propia se correlaciona con la elasticidad de la oferta laboral respecto al salario, y las instituciones laborales pueden cambiar el signo de esta relación.47 páginasapplication/pdfengUniversidad de los AndesFacultad de EconomíaDocumentos CEDE; 2024-08https://ideas.repec.org/p/col/000089/021072.htmlhttps://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdfinfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Global Labor Market PowerDocumento de trabajoinfo:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/WPLabor market powerSelf-employmentDevelopmentLabor market institutionsEconomíaPublicationORIGINALdcede2024-08.pdfdcede2024-08.pdfapplication/pdf13100947https://repositorio.uniandes.edu.co/bitstreams/cbdbbd64-aee8-499a-bfbc-324a55dabaab/downloaddc16f298a3f82f56e154dd578c907070MD51LICENSElicense.txtlicense.txttext/plain; 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