Monopsony, wage discrimination, and public policy.

A vast number of empirical studies have found that monopsony power is pervasive in labor markets. In some circumstances, the exercise of monopsony results in wage discrimination that is not taste‐based. Instead, it results from profit maximization in the presence of different labor supply functions...

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Publicado en:Economic Inquiry Vol. 61; no. 3; pp. 572 - 584
Autores principales: Alderman, Brianna L., Blair, Roger D., Saygin, Perihan Ö.
Formato: Artículo
Publicado: Wiley-Blackwell Jul2023
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Monopsony, wage discrimination, and public policy.
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          Alderman, Brianna L.
          Blair, Roger D.
          Saygin, Perihan Ö.
        affil:
          Department of Economics, University of Florida, Gainesville Florida,, USA
          Levin College of Law, University of Florida, Gainesville Florida,, USA
          Education Policy Research Center and Center for Gender, Sexualities, and Women's Studies Research, University of Florida, Gainesville Florida,, USA
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        Government policy
        Labor supply
        Wages
        Labor market
        Sex discrimination
        Profit maximization
        Pay for performance
      sug:
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          Government policy
          Labor supply
          Wages
          Labor market
          Sex discrimination
          Temporary Help Services
          Profit maximization
          Pay for performance
      keyword:
        discrimination
        labor market
        monopsony
        discrimination
        labor market
        monopsony
      ab: A vast number of empirical studies have found that monopsony power is pervasive in labor markets. In some circumstances, the exercise of monopsony results in wage discrimination that is not taste‐based. Instead, it results from profit maximization in the presence of different labor supply functions of two distinct groups of workers. This paper examines the profit maximizing employment decisions of a monopsonist under these conditions, as well as the public policy regarding wage discrimination. The economic effects of the current statutes are also examined, as well as some policy recommendations to strengthen the prohibition of wage discrimination.
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    language: English
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