Labor market concentration and heterogeneous effects on wages: Evidence from Japan

IF 2.6 3区经济学 Q1 ECONOMICS

Journal of the Japanese and International Economies Pub Date : 2023-03-01 DOI:10.1016/j.jjie.2022.101242

Atsuko Izumi , Naomi Kodama , Hyeog Ug Kwon

引用次数: 0

Abstract

This study provides empirical evidence of the impact of labor market concentration on wages. We find that (1) wages are suppressed in more concentrated labor markets, (2) labor rigidity is associated with wage responsiveness to labor market concentration, (3) the impact of labor market concentration on wages is smaller for firms with more competitive downstream product markets, and (4) greater job opportunities outside the manufacturing sector weaken the relationship between concentration and wages. In sum, our findings indicate that labor rigidity and the degree of competition in downstream product markets, as well as outside options, affect the relationship between market concentration and wages.

查看原文本刊更多论文

劳动力市场集中与工资的异质性影响——来自日本的证据

本研究提供了劳动力市场集中度对工资影响的实证证据。我们发现（1）工资在更集中的劳动力市场中受到抑制，（2）劳动力刚性与工资对劳动力市场集中度的反应性有关，（3）劳动力市场集中对工资的影响较小，对于下游产品市场更具竞争力的企业，以及（4）制造业以外更多的就业机会削弱了集中度与工资之间的关系。总之，我们的研究结果表明，劳动力刚性、下游产品市场的竞争程度以及外部选择会影响市场集中度与工资之间的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of the Japanese and International Economies Multiple-

CiteScore

5.10

自引率

6.90%

发文量

期刊介绍： The Journal of the Japanese and International Economies publishes original reports of research devoted to academic analyses of the Japanese economy and its interdependence on other national economies. The Journal also features articles that present related theoretical, empirical, and comparative analyses with their policy implications. Book reviews are also published.