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DTSTART;TZID=Europe/Helsinki:20240122T121500
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SUMMARY:Ihsaan Bassier (LSE)  "Collective Bargaining and Spillovers in Local Labour Markets"
DESCRIPTION:Applied Seminar \nTime: 12:15 pm – 13:30 pm\nDate: 22th of January\nRoom : 3001 \n  \nIhsaan Bassier (LSE) “Collective Bargaining and Spillovers in Local Labour Markets” \nAbstract : How does collective bargaining affect the broader wage structure? How are such spillovers transmitted? In imperfectly competitive labour markets\, a rise in wages in the covered sector can improve the outside options of workers in the noncovered sector. I use a decade of wage agreements matched with worker-level data in South Africa to study the effects of sharp changes in collectively bargained wages in an event-study framework. Observed wages in covered firms rise sharply\, and within-firm wage inequality declines. I use interfirm worker flows as a measure of distance to test for spillovers\, which I motivate with a model where wage changes are transmitted via outside options to nearby firms. Bilateral worker flows correlate with a wide range of firm characteristics\, capturing firm links which are poorly predicted by industry and location. I show that firms with higher flows to covered firms differentially increase wages more\, with an implied cross-wage elasticity of about 0.8. This is higher than comparable estimates in the literature because I am able to identify the labour market segments empirically relevant to wage spillovers. Firm profit margins decline\, as predicted by the model. A microdata simulation suggests that spillovers double the effects of collective bargaining agreements on the full wage distribution. \nOrganizer: Sara SIGNORELLI \n
URL:https://crest.science/event/ihsaan-bassier-lse-collective-bargaining-and-spillovers-in-local-labour-markets/
CATEGORIES:Applied Seminar,Seminars
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