The Wage Phillips Curve under Labor Market Power
Author
Abstract
Suggested Citation
DOI: 10.1257/pandp.20231007
Download full text from publisher
References listed on IDEAS
- Jarosch, Gregor & Nimczik, Jan Sebastian, 2019.
"Granular Search, Market Structure, and Wages,"
CEPR Discussion Papers
14231, C.E.P.R. Discussion Papers.
- Gregor Jarosch & Jan Sebastian Nimczik & Isaac Sorkin, 2021. "Granular Search, Market Structure, and Wages," Working Papers 2021-38, Princeton University. Economics Department..
- Jarosch, Gregor & Nimczik, Jan Sebastian & Sorkin, Isaac, 2019. "Granular Search, Market Structure, and Wages," IZA Discussion Papers 12574, Institute of Labor Economics (IZA).
- Gregor Jarosch & Jan Sebastian Nimczik & Isaac Sorkin, 2019. "Granular Search, Market Structure, and Wages," NBER Working Papers 26239, National Bureau of Economic Research, Inc.
- Azar, José & Marinescu, Ioana & Steinbaum, Marshall & Taska, Bledi, 2020.
"Concentration in US labor markets: Evidence from online vacancy data,"
Labour Economics, Elsevier, vol. 66(C).
- Azar, José & Marinescu, Ioana E. & Steinbaum, Marshall & Taska, Bledi, 2018. "Concentration in US Labor Markets: Evidence from Online Vacancy Data," IZA Discussion Papers 11379, Institute of Labor Economics (IZA).
- José A. Azar & Ioana Marinescu & Marshall I. Steinbaum & Bledi Taska, 2018. "Concentration in US Labor Markets: Evidence From Online Vacancy Data," NBER Working Papers 24395, National Bureau of Economic Research, Inc.
- Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.
- Brad Hershbein & Lisa B. Kahn, 2018.
"Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings,"
American Economic Review, American Economic Association, vol. 108(7), pages 1737-1772, July.
- Brad J. Hershbein & Lisa B. Kahn, "undated". "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings," Upjohn Working Papers hk-18aer, W.E. Upjohn Institute for Employment Research.
- Brad J. Hershbein & Lisa B. Kahn, 2016. "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings," Upjohn Working Papers 16-254, W.E. Upjohn Institute for Employment Research.
- Brad Hershbein & Lisa B. Kahn, 2016. "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings," NBER Working Papers 22762, National Bureau of Economic Research, Inc.
- Jonathon Hazell & Juan Herreño & Emi Nakamura & Jón Steinsson, 2022.
"The Slope of the Phillips Curve: Evidence from U.S. States,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(3), pages 1299-1344.
- Jonathon Hazell & Juan Herreño & Emi Nakamura & Jón Steinsson, 2020. "The Slope of the Phillips Curve: Evidence from U.S. States," NBER Working Papers 28005, National Bureau of Economic Research, Inc.
- Jonathon Hazell & Juan Herreno & Emi Nakamura & Jon Steinsson, 2021. "The Slope of the Phillips Curve: Evidence from U.S. States," Working Papers 284, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Hazell, Joe & Herreño, Juan & Nakamura, Emi & Steinsson, Jón, 2022. "The slope of the Phillips Curve: evidence from U.S. States," LSE Research Online Documents on Economics 113326, London School of Economics and Political Science, LSE Library.
- James Costain & Anton Nakov & Borja Petit, 2022. "Flattening of the Phillips Curve with State-Dependent Prices and Wages," The Economic Journal, Royal Economic Society, vol. 132(642), pages 546-581.
- Alan Manning, 2006.
"A Generalised Model of Monopsony,"
Economic Journal, Royal Economic Society, vol. 116(508), pages 84-100, January.
- Manning, Alan, 2001. "A generalised model of monopsony," LSE Research Online Documents on Economics 20115, London School of Economics and Political Science, LSE Library.
- Alan Manning, 2001. "A Generalised Model of Monopsony," CEP Discussion Papers dp0499, Centre for Economic Performance, LSE.
- Jordi Galí & Luca Gambetti, 2019.
"Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration,"
Working Papers Central Bank of Chile
846, Central Bank of Chile.
- Jordi Galí & Luca Gambetti, 2019. "Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration," NBER Working Papers 25476, National Bureau of Economic Research, Inc.
- GalÃ, Jordi & Gambetti, Luca, 2019. "Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration," CEPR Discussion Papers 13452, C.E.P.R. Discussion Papers.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.
- Arnd Kölling, 2022. "Monopsony power and the demand for low-skilled workers," The Economic and Labour Relations Review, , vol. 33(2), pages 377-395, June.
- Abi Adams-Prassl & Tom Waters & Maria Balgova & Matthias Qian, 2023. "Firm concentration & job design: the case of schedule flexible work arrangements," IFS Working Papers W23/14, Institute for Fiscal Studies.
- José Azar & Emiliano Huet-Vaughn & Ioana Marinescu & Bledi Taska & Till von Wachter, 2019.
"Minimum Wage Employment Effects and Labor Market Concentration,"
NBER Working Papers
26101, National Bureau of Economic Research, Inc.
- Azar, José & Huet-Vaughn, Emiliano & Marinescu, Ioana & Taska, Bledi & von Wachter, Till, 2019. "Minimum Wage Employment Effects and Labor Market Concentration," CEPR Discussion Papers 14239, C.E.P.R. Discussion Papers.
- Arendt, Lukasz & Gałecka-Burdziak, Ewa & Núñez, Fernando & Pater, Robert & Usabiaga, Carlos, 2023. "Skills requirements across task-content groups in Poland: What online job offers tell us," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
- Chen, Yi & Jungbauer, Thomas & Wang, Zhe, 2023. "The strategic decentralization of recruiting," Journal of Economic Theory, Elsevier, vol. 209(C).
- Pérez, Jorge & Vial, Felipe & Zárate, Román, 2022.
"Urban Transit Infrastructure: Spatial Mismatch and Labor Market Power,"
Research Department working papers
1992, CAF Development Bank Of Latinamerica.
- Vial Lecaros Felipe & Zárate Román D. & Pérez Pérez Jorge, 2023. "Urban Transit Infrastructure: Spatial Mismatch and Labor Market Power," Working Papers 2023-17, Banco de México.
- Emilio Colombo & Alberto Marcato, 2021. "Skill Demand and Labour Market Concentration: Theory and Evidence from Italian Vacancies," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2104, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
- Alan Manning, 2021.
"Monopsony in Labor Markets: A Review,"
ILR Review, Cornell University, ILR School, vol. 74(1), pages 3-26, January.
- Manning, Alan, 2021. "Monopsony in labor markets: a review," LSE Research Online Documents on Economics 103482, London School of Economics and Political Science, LSE Library.
- Daron Acemoglu & David Autor & Jonathon Hazell & Pascual Restrepo, 2020.
"AI and Jobs: Evidence from Online Vacancies,"
NBER Working Papers
28257, National Bureau of Economic Research, Inc.
- Daron Acemoglu & David Autor & Jonathon Hazell & Pascual Restrepo, 2020. "AI and Jobs: Evidence from Online Vacancies," Working Papers 279, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Bassanini, Andrea & Batut, Cyprien & Caroli, Eve, 2023.
"Labor Market Concentration and Wages: Incumbents versus New Hires,"
Labour Economics, Elsevier, vol. 81(C).
- Bassanini, Andrea & Batut, Cyprien & Caroli, Eve, 2023. "Labor Market Concentration and Wages: Incumbents versus New Hires," IZA Discussion Papers 15910, Institute of Labor Economics (IZA).
- Andrea Bassanini & Cyprien Batut & Eve Caroli, 2023. "Labor Market Concentration and Wages: Incumbents versus New Hires," Post-Print hal-04002685, HAL.
- Howes, Cooper, 2022.
"Why does structural change accelerate in recessions? The credit reallocation channel,"
Journal of Financial Economics, Elsevier, vol. 144(3), pages 933-952.
- Cooper Howes, 2020. "Why Does Structural Change Accelerate in Recessions? The Credit Reallocation Channel," Research Working Paper RWP 20-17, Federal Reserve Bank of Kansas City.
- Monica Langella & Alan Manning, 2021.
"The measure of monopsony,"
CEP Discussion Papers
dp1780, Centre for Economic Performance, LSE.
- Langella, Monica & Manning, Alan Patrick, 2021. "The measure of monopsony," LSE Research Online Documents on Economics 113925, London School of Economics and Political Science, LSE Library.
- Marinescu, Ioana & Ouss, Ivan & Pape, Louis-Daniel, 2021.
"Wages, hires, and labor market concentration,"
Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 506-605.
- Marinescu, Ioana E. & Ouss, Ivan & Pape, Louis-Daniel, 2020. "Wages, Hires, and Labor Market Concentration," IZA Discussion Papers 13244, Institute of Labor Economics (IZA).
- Ioana Marinescu & Ivan Ouss & Louis-Daniel Pape, 2021. "Wages, hires, and labor market concentration," Post-Print hal-03986450, HAL.
- Ioana Marinescu & Ivan Ouss & Louis-Daniel Pape, 2020. "Wages, Hires, and Labor Market Concentration," NBER Working Papers 28084, National Bureau of Economic Research, Inc.
- David Berger & Kyle Herkenhoff & Simon Mongey, 2022.
"Labor Market Power,"
American Economic Review, American Economic Association, vol. 112(4), pages 1147-1193, April.
- David Berger & Kyle Herkenhoff & Simon Mongey, 2018. "Labor Market Power," 2018 Meeting Papers 170, Society for Economic Dynamics.
- David W. Berger & Kyle F. Herkenhoff & Simon Mongey, 2021. "Labor Market Power," Opportunity and Inclusive Growth Institute Working Papers 48, Federal Reserve Bank of Minneapolis.
- Berger, David & Herkenhoff, Kyle & Mongey, Simon, 2019. "Labor Market Power," IZA Discussion Papers 12276, Institute of Labor Economics (IZA).
- David Berger & Kyle Herkenhoff & Simon Mongey, 2019. "Labor Market Power," Working Papers 2019-027, Human Capital and Economic Opportunity Working Group.
- David Berger & Kyle Herkenhoff & Simon Mongey, 2019. "Labor Market Power," 2019 Meeting Papers 1231, Society for Economic Dynamics.
- David W. Berger & Kyle F. Herkenhoff & Simon Mongey, 2019. "Labor Market Power," NBER Working Papers 25719, National Bureau of Economic Research, Inc.
- Ziqiao Ao & Gergely Horvath & Chunyuan Sheng & Yifan Song & Yutong Sun, 2022. "Skill requirements in job advertisements: A comparison of skill-categorization methods based on explanatory power in wage regressions," Papers 2207.12834, arXiv.org.
- Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
- Giuseppe Grasso & Konstantinos Tatsiramos, 2023.
"The Impact of Restricting Fixed-Term Contracts on Labor and Skill Demand,"
CESifo Working Paper Series
10693, CESifo.
- Grasso, Giuseppe & Tatsiramos, Konstantinos, 2023. "The Impact of Restricting Fixed-Term Contracts on Labor and Skill Demand," IZA Discussion Papers 16496, Institute of Labor Economics (IZA).
- Oleksandr Faryna & Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2020.
"Wage Setting and Unemployment: Evidence from Online Job Vacancy Data,"
Economics Discussion Papers
em-dp2020-02, Department of Economics, University of Reading.
- Oleksandr Faryna & Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2020. "Wage Setting and Unemployment: Evidence from Online Job Vacancy Data," Discussion Papers 20-03, Department of Economics, University of Birmingham.
- Faryna, Oleksandr & Pham, Tho & Talavera, Oleksandr & Tsapin, Andriy, 2020. "Wage Setting and Unemployment: Evidence from Online Job Vacancy Data," GLO Discussion Paper Series 503, Global Labor Organization (GLO).
- Philippe Goulet Coulombe, 2022. "A Neural Phillips Curve and a Deep Output Gap," Working Papers 22-01, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
More about this item
JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:apandp:v:113:y:2023:p:110-13. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.