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Supply, Demand, Institutions, and Firms: A Theory of Labor Market Sorting and the Wage Distribution / Daniel Haanwinckel.
- Format:
- Book
- Author/Creator:
- Haanwinckel, Daniel.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31318.
- NBER working paper series no. w31318
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- This paper builds a general equilibrium framework with firm and worker heterogeneity, monopsony power, and task-based production to quantify the long-run effects of education, biased demand shocks, and minimum wage. I take it to Brazilian data for 1998 and 2012 and find that (i) supply and demand shocks increase sorting of high-wage workers to high-wage firms, (ii) increased entry of high-wage firms boosts the effect of rising schooling attainment on mean log wages by 25%, and (iii) the minimum wage reduces formal wage inequality but also causes wage loss for mid-productivity workers and disemployment for those at the very bottom.
- Notes:
- Print version record
- June 2023.
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