Job Quality and Wages in Duopsony. Working Paper No 121, Department of Economics Working Paper Series, Vienna University of Economics and Business.

Jürgen Figerl, Thomas Grandner

Publication: Working/Discussion PaperWorking Paper/Preprint

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.
Original languageEnglish
Publication statusPublished - 1 Feb 2008

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 502001 Labour market policy

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