Social Sciences
4 years ago

Firms' Bargaining Power Shapes Wages and Jobs, Impacting Workers

RePEc: Research Papers in Economics
Wage Bargaining and Monopsony
Torberg Falch, Bjarne Strøm

Paper Summary

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The article discusses how a company's bargaining power affects wages and employment in a unionized setting. There are three possible outcomes based on the firm's bargaining power: lower wages and more jobs, lower wages and fewer jobs, or no change in wages and jobs.