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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Paris:20190905T121500
DTEND;TZID=Europe/Paris:20190905T133000
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SUMMARY:Isaac SORKIN (Stanford University)  - "Granular Search\, Market Structure\, and Wages"
DESCRIPTION:\nThe Microeconometrics Seminar: Every Tuesday at 12:15 pm.\nTime: 12:15 pm – 1:30 pm\nDate: 5 th of September 2019 Exceptionally Thursday\nPlace: Room 3001\nIsaac SORKIN (Stanford University) – “Granular Search\, Market Structure\, and Wages” \nAbstract: We build a framework where firm size is a source of market power. The key mechanism is that a granular employer can eliminate its own vacancies from a worker’s outside option in the wage bargain.  Hence\, a granular employer does not compete with itself. Using the framework in Austrian micro-data\, we find that granular market power depresses wages by 9-13 percent and can explain 40 percent of the observed decline in the labor share from 1997 to 2015. Merging the two largest firms in every labor market depresses market-wide wages by six percent. (with Gregor Jarosch and Jan Sebastian Nimczik) \nOrganizers:\n\nXavier D’HAULTFOEUILLE (Laboratoire de Microéconométrie-CREST)\nBenoît SCHMUTZ (Laboratoire de Microéconométrie-CREST)\nSponsors:\nCREST\n \n\n
URL:https://crest.science/event/isaac-sorkin/
CATEGORIES:Applied Seminar,Economics,Microeconometrics,Seminars
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