Is There Monopsony in the Labor Market? Evidence from a Natural Experiment

被引：108

作者：

Staiger, Douglas O. ^{[1
,2
]}

Spetz, Joanne ^{[3
]}

Phibbs, Ciaran S. ^{[4
,5
]}

机构：

[1] Dartmouth Coll, Hanover, NH 03755 USA

[2] Natl Bur Econ Res, Cambridge, MA 02138 USA

[3] Univ Calif San Francisco, San Francisco, CA 94143 USA

[4] VA Palo Alto Hlth Care Syst, Palo Alto, CA USA

[5] Stanford Univ, Stanford, CA 94305 USA

来源：

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

关键词：

WAGES; POWER; COMPETITION; FIRMS;

D O I：

10.1086/652734

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Recent theoretical and empirical advances have renewed interest in monopsonistic models of the labor market. However, there is little direct empirical support for these models. We use an exogenous change in wages at Department of Veterans Affairs (VA) hospitals as a natural experiment to investigate the extent of monopsony in the nurse labor market. We estimate that labor supply to individual hospitals is quite inelastic, with short-run elasticity around 0.1. We also find that non-VA hospitals responded to the VA wage change by changing their own wages.

引用

页码：211 / 236

页数：26

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