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dc.contributor.authorJokinen, Juho
dc.date.accessioned2020-01-21T13:23:42Z
dc.date.available2020-01-21T13:23:42Z
dc.date.issued2020
dc.identifier.citationJokinen, J. (2020). The wage curve and local monopsony power. <i>Annals of Regional Science</i>, <i>64</i>(1), 159-183. <a href="https://doi.org/10.1007/s00168-019-00966-3" target="_blank">https://doi.org/10.1007/s00168-019-00966-3</a>
dc.identifier.otherCONVID_33894502
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/67437
dc.description.abstractUsing longitudinal micro-data from Finland, a country with a geographically dispersed population and relatively long distances between local labor markets, this paper examines the responsiveness of the pay level to local unemployment conditions. In particular, this study tests the hypothesis that the pay level is more responsive to the unemployment level in less agglomerated and more remote regions as might be expected if employers have a higher degree of monopsony power in such regions. The results consistently suggest that the pay level is lower in localities with a higher unemployment level and, hence, provide strong support for the so-called wage curve hypothesis, which predicts that a negative relationship exists between local unemployment and the pay level. Although the results provide some evidence that the magnitude of the regional pay–unemployment relationship varies across different regions of the country, the findings do not provide consistent support for the monopsony power hypothesis. In particular, after controlling for unobserved worker heterogeneity, the responsiveness of the pay level to the local unemployment conditions is similar across regions with different degrees of economic agglomeration.en
dc.format.mimetypeapplication/pdf
dc.languageeng
dc.language.isoeng
dc.publisherSpringer
dc.relation.ispartofseriesAnnals of Regional Science
dc.rightsCC BY 4.0
dc.subject.otherpay level
dc.subject.otherunemployment
dc.subject.otherwage curve
dc.titleThe wage curve and local monopsony power
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-202001211390
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineEmpirical Microeconomicsfi
dc.contributor.oppiainePolitiikkarelevantti taloustiede (painoala)fi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineEmpirical Microeconomicsen
dc.contributor.oppiainePolicy-Relevant Economics (focus area)en
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.description.reviewstatuspeerReviewed
dc.format.pagerange159-183
dc.relation.issn0570-1864
dc.relation.numberinseries1
dc.relation.volume64
dc.type.versionpublishedVersion
dc.rights.copyright© The Author(s) 2019
dc.rights.accesslevelopenAccessfi
dc.subject.ysoansiokehitys
dc.subject.ysoansiotaso
dc.subject.ysoalueelliset erot
dc.subject.ysopalkat
dc.subject.ysotyömarkkinat
dc.subject.ysotyöttömyys
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p3477
jyx.subject.urihttp://www.yso.fi/onto/yso/p3481
jyx.subject.urihttp://www.yso.fi/onto/yso/p7396
jyx.subject.urihttp://www.yso.fi/onto/yso/p2008
jyx.subject.urihttp://www.yso.fi/onto/yso/p8831
jyx.subject.urihttp://www.yso.fi/onto/yso/p11571
dc.rights.urlhttps://creativecommons.org/licenses/by/4.0/
dc.relation.doi10.1007/s00168-019-00966-3
jyx.fundinginformationThis study was funded by the OP-Pohjola Group Research Foundation (Grant Number 201200100).


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