Monopsony in Motion

Monopsony in Motion
Author :
Publisher : Princeton University Press
Total Pages : 414
Release :
ISBN-10 : 9781400850679
ISBN-13 : 1400850673
Rating : 4/5 (673 Downloads)

Book Synopsis Monopsony in Motion by : Alan Manning

Download or read book Monopsony in Motion written by Alan Manning and published by Princeton University Press. This book was released on 2013-12-03 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Monopsony in Motion Related Books

Monopsony in Motion
Language: en
Pages: 414
Authors: Alan Manning
Categories: Business & Economics
Type: BOOK - Published: 2013-12-03 - Publisher: Princeton University Press

DOWNLOAD EBOOK

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 Ma
Reverse Subsidies in Global Monopsony Capitalism
Language: en
Pages: 316
Authors: Dev Nathan
Categories: Business & Economics
Type: BOOK - Published: 2022-05-26 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

This book provides a firm analytical base to discussions about injustice and the unequal distribution of gains from global production in the form of global mono
Private Government
Language: en
Pages: 222
Authors: Elizabeth Anderson
Categories: Philosophy
Type: BOOK - Published: 2019-04-30 - Publisher: Princeton University Press

DOWNLOAD EBOOK

Why our workplaces are authoritarian private governments—and why we can’t see it One in four American workers says their workplace is a “dictatorship.”
The Real Thin Theory
Language: en
Pages: 44
Authors: Alan Manning
Categories: Labor market
Type: BOOK - Published: 2003 - Publisher:

DOWNLOAD EBOOK

Economyths
Language: en
Pages: 307
Authors: David Orrell
Categories: Political Science
Type: BOOK - Published: 2010-05-06 - Publisher: Icon Books Ltd

DOWNLOAD EBOOK

From the inability of wealth to make us happier, to our catastrophic blindness to the credit crunch, "Economyths" reveals ten ways in which economics has failed