Overview
- Includes supplementary material: sn.pub/extras
Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 639)
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Table of contents (10 chapters)
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Front Matter
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Dynamic Monopsony
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Front Matter
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Back Matter
Keywords
About this book
This book investigates models of spatial and dynamic monopsony and their application to the persistent empirical regularity of the gender pay gap. Theoretically, the main conclusion is that employers possess more monopsony power over their female employees if women are less driven by pecuniary considerations in their choice of employers than men. Employers may exploit this to increase their profits at the detriment of women’s wages. Empirically, it is indeed found that women’s labour supply to the firm is less wage-elastic than men’s and that at least a third of the gender pay gap in the data investigated may result from employers engaging in monopsonistic discrimination. Therefore, a monopsonistic approach to gender discrimination in the labour market clearly contributes to the economic understanding of the gender pay gap. It not only provides an intuitively appealing explanation of the gap from standard economic reasoning, but it is also corroborated by empirical observation.
Authors and Affiliations
Bibliographic Information
Book Title: Monopsonistic Labour Markets and the Gender Pay Gap
Book Subtitle: Theory and Empirical Evidence
Authors: Boris Hirsch
Series Title: Lecture Notes in Economics and Mathematical Systems
DOI: https://doi.org/10.1007/978-3-642-10409-1
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2010
Softcover ISBN: 978-3-642-10408-4Published: 26 February 2010
eBook ISBN: 978-3-642-10409-1Published: 05 April 2010
Series ISSN: 0075-8442
Series E-ISSN: 2196-9957
Edition Number: 1
Number of Pages: XXIII, 280
Number of Illustrations: 37 b/w illustrations
Topics: Labor Economics, Sociology, general, Microeconomics, Economic Policy