Quotation Figerl, Jürgen, Grandner, Thomas. 2008. Job Quality and Wages in Duopsony. Working Paper No 121, Department of Economics Working Paper Series, Vienna University of Economics and Business..


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Abstract

In a simple oligopsonistic model, firms compete for labour through wages and job qualities. We modify the product market model developed by Vandenbosch/Weinberg 1995 and apply it to the job market with jobs being defined by two vertically differentiated non-wage characteristics. Workers differ in their valuation of these two characteristics but do not differ in their productivity. In equilibrium firms offer different wages and differ in only one of these non-wage characteristics. Whereas our labour market model is based on firms, we apply subclasses according to the UK SIC(2003) in our empirical analysis. When comparing subclasses within selected sectors (WERS) we found evidence that firms compete in both wages and job qualities.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Job Quality and Wages in Duopsony. Working Paper No 121, Department of Economics Working Paper Series, Vienna University of Economics and Business.
Year 2008
URL http://www.wu-wien.ac.at/inst/vw1/papers/wu-wp121.pdf

Associations

People
Figerl, Jürgen (Former researcher)
Grandner, Thomas (Details)
Organization
Institute for Labor Economics IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5304 Labour market research (Details)
5902 Labour market research (Details)
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