Labor Market Concentration and Stayers' Wages: Evidence from France | Zendy

Andrea Bassanini | Zendy; Cyprien Batut | Zendy; Eve Caroli | Zendy

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Labor Market Concentration and Stayers' Wages: Evidence from France

Author(s) -

Andrea Bassanini,

Cyprien Batut,

Eve Caroli

Publication year - 2019

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.3506243

Subject(s) - economics , labour economics , product market , productivity , wage , competition (biology) , market concentration , market competition , efficiency wage , wage growth , market economy , macroeconomics , ecology , biology , incentive

We investigate the impact of labor market concentration on stayers’ wages, where stayers are defined as individuals who remain employed in the same establishment for at least two years. Using administrative data for France, we show that the elasticity of stayers’ wages to labor market concentration is about -0.05, after controlling for labor productivity, product market competition and match-specific heterogeneity. Given the strong wage rigidities characterizing the French labor market, this estimate can be considered a lower bound of the effect of labor market concentration on stayers’ wages in an international perspective.

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