Estimating the Firm's Labor Supply Curve in a "New Monopsony" Framework: Schoolteachers in Missouri

被引：71

作者：

Ransom, Michael R. ^{[1
]}

Sims, David P. ^{[1
]}

机构：

[1] Brigham Young Univ, Provo, UT 84602 USA

来源：

JOURNAL OF LABOR ECONOMICS | 2010年 / 28卷 / 02期

关键词：

OPPORTUNITY COSTS; SALARIES; WAGES;

D O I：

10.1086/649904

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the context of certain dynamic models, it is possible to infer the elasticity of labor supply to the firm from the elasticity of the quit rate with respect to the wage. Using this property, we estimate the average labor supply elasticity to public school districts in Missouri. We leverage the plausibly exogenous variation in prenegotiated district salary schedules to instrument for actual salary. These estimates imply a labor supply elasticity of about 3.7, suggesting that school districts possess significant market power. The presence of monopsony power in this teacher labor market may be partially explained by its institutional features.

引用

页码：331 / 355

页数：25

共 26 条

[1] DO WAGES RISE WITH JOB SENIORITY [J].