Firm Wage Premia, Rent-Sharing and Monopsony When Underemployment is High

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dc.article.end-page45
dc.article.start-page1
dc.contributor.authorBassier, Ihsaan
dc.date.accessioned2022-12-21T12:22:22Z
dc.date.available2022-12-21T12:22:22Z
dc.date.issued2021-02
dc.departmentSouthern Centre for Inequality Studies (SCIS)
dc.description.abstractHow important are firms in the labour markets of developing countries? Using matched employer-employee data from South Africa, I find firms explain a larger share of wages than in other, richer countries. It shows this can be parsimoniously explained by the high degree of underemployment. Estimating separations elasticities by instrumenting wages of matched workers with firm wages, among other methods, I find a low separations elasticity which generates a high degree of monopsony. The correspondingly high estimated rent-sharing elasticity explains the important role of firm wage policies, even in an economy with a large labour surplus. This paper is a work in progress.
dc.description.librarianES2022
dc.description.sponsorshipSouthern Centre for Inequality Studies (SCIS)
dc.description.sponsorshipUniversity of the Witwatersrand
dc.facultyFaculty of Commerce, Law and Management
dc.identifier.urihttps://hdl.handle.net/10539/33953
dc.language.isoen
dc.orcid.id0000-0001-8793-2182
dc.publisherSouthern Centre for Inequality Studies (SCIS)
dc.publisherUniversity of the Witwatersrand, Johannesburg
dc.relation.ispartofseriesSCIS Working Paper; 16
dc.rights©2021 Southern Centre for Inequality Studies (SCIS)
dc.schoolSouthern Centre for Inequality Studies (SCIS)
dc.subjectLabour markets of developing countries
dc.subjectRent-sharing elasticity
dc.subjectFirm wage policies
dc.subjectMonopsony
dc.subjectFirm Wage Premia
dc.titleFirm Wage Premia, Rent-Sharing and Monopsony When Underemployment is High
dc.typeWorking Paper
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