Lecture Notes in Economics and Mathematical Systems

Monopsonistic Labour Markets and the Gender Pay Gap

Theory and Empirical Evidence

Authors: Hirsch, Boris

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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.

Table of contents (10 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-10409-1
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.00
price for USA
  • ISBN 978-3-642-10408-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Monopsonistic Labour Markets and the Gender Pay Gap
Book Subtitle
Theory and Empirical Evidence
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
639
Copyright
2010
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-10409-1
DOI
10.1007/978-3-642-10409-1
Softcover ISBN
978-3-642-10408-4
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XXIII, 280
Number of Illustrations and Tables
37 b/w illustrations
Topics