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.
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.
| Originalsprache | Englisch |
|---|---|
| Publikationsstatus | Veröffentlicht - 1 Feb. 2008 |
Österreichische Systematik der Wissenschaftszweige (ÖFOS)
- 502001 Arbeitsmarktpolitik