[go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

Monopsony and the efficiency of labour market interventions

Alan Manning

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Implicit in many discussions of labour market policy is the assumption that, in the absence of interventions, the operation of the labour market is well-approximated by the perfectly competitive model. The merits or demerits of particular policies is then seen as a trade-off between efficiency and equality. This paper analyses the impact of a variety of policies û the minimum wage, trade unions, unemployment insurance, progressive income taxation and restrictions on labour contracts û on efficiency when labour markets in the absence of intervention are monopsonistic and not perfectly competitive. A simple version of the Burdett and Mortensen (1998) model is used for this purpose.

Keywords: Labour market policy; Monopsony (search for similar items in EconPapers)
JEL-codes: J0 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2001-11
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://eprints.lse.ac.uk/20097/ Open access version. (application/pdf)

Related works:
Journal Article: Monopsony and the efficiency of labour market interventions (2004) Downloads
Working Paper: Monopsony and the Efficiency of Labour Market Interventions (2001) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:20097

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().

 
Page updated 2024-08-30
Handle: RePEc:ehl:lserod:20097