Working papers, Department of Economics, WU (Wirtschaftsuniversität Wien)
Job quality and wages in duopsony
() and Thomas Grandner
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.
JEL-Codes: J30; (follow links to similar papers)
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