Labour market concentration, wages and job security in Europe

Publikation: Working paper › Forskning

Standard

Labour market concentration, wages and job security in Europe. / Bassanini, Andrea; Bovini, Giulia; Caroli, Eve; Ferrando, Jorge Casanova; Cingano, Federico; Falco, Paolo; Felgueroso, Florentino; Jansen, Marcel; Martins, Pedro S.; Melo, António; Oberfichtne, Michael.

2023.

Publikation: Working paper › Forskning

Harvard

Bassanini, A, Bovini, G, Caroli, E, Ferrando, JC, Cingano, F, Falco, P, Felgueroso, F, Jansen, M, Martins, PS, Melo, A & Oberfichtne, M 2023 'Labour market concentration, wages and job security in Europe'. <https://ideas.repec.org/p/unl/unlfep/wp654.html>

APA

Bassanini, A., Bovini, G., Caroli, E., Ferrando, J. C., Cingano, F., Falco, P., Felgueroso, F., Jansen, M., Martins, P. S., Melo, A., & Oberfichtne, M. (2023). Labour market concentration, wages and job security in Europe. https://ideas.repec.org/p/unl/unlfep/wp654.html

Vancouver

Bassanini A, Bovini G, Caroli E, Ferrando JC, Cingano F, Falco P o.a. Labour market concentration, wages and job security in Europe. 2023.

Author

Bassanini, Andrea ; Bovini, Giulia ; Caroli, Eve ; Ferrando, Jorge Casanova ; Cingano, Federico ; Falco, Paolo ; Felgueroso, Florentino ; Jansen, Marcel ; Martins, Pedro S. ; Melo, António ; Oberfichtne, Michael. / Labour market concentration, wages and job security in Europe. 2023.

Bibtex

@techreport{71a8ee4835664b608bf69fced90b4c4f,
title = "Labour market concentration, wages and job security in Europe",
abstract = "We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable cross-country evidence in the literature. We show that the elasticities of wages with respect to labour market concentration are strikingly similar across countries. Increasing labour market concentration by 10.19 0.22 0.25.290.46 0.51.34 while not affecting this probability, labour market concentration has a strong negative effect on conversions to a permanent contract once hired on a temporary one. Using German and Portuguese data, we provide suggestive evidence that the similarity of our wage elasticities across countries and the greater sensitivity of job security to labour market concentration may be explained by the fact that sector-level collective bargaining is dominant in the countries we study and that it sets wages but usually not contract type.",
keywords = "Labour market concentration, Monopsony, Wages, Job security, Collective bargaining",
author = "Andrea Bassanini and Giulia Bovini and Eve Caroli and Ferrando, {Jorge Casanova} and Federico Cingano and Paolo Falco and Florentino Felgueroso and Marcel Jansen and Martins, {Pedro S.} and Ant{\'o}nio Melo and Michael Oberfichtne",
year = "2023",
language = "English",
type = "WorkingPaper",

}

RIS

TY - UNPB

T1 - Labour market concentration, wages and job security in Europe

AU - Bassanini, Andrea

AU - Bovini, Giulia

AU - Caroli, Eve

AU - Ferrando, Jorge Casanova

AU - Cingano, Federico

AU - Falco, Paolo

AU - Felgueroso, Florentino

AU - Jansen, Marcel

AU - Martins, Pedro S.

AU - Melo, António

AU - Oberfichtne, Michael

PY - 2023

Y1 - 2023

N2 - We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable cross-country evidence in the literature. We show that the elasticities of wages with respect to labour market concentration are strikingly similar across countries. Increasing labour market concentration by 10.19 0.22 0.25.290.46 0.51.34 while not affecting this probability, labour market concentration has a strong negative effect on conversions to a permanent contract once hired on a temporary one. Using German and Portuguese data, we provide suggestive evidence that the similarity of our wage elasticities across countries and the greater sensitivity of job security to labour market concentration may be explained by the fact that sector-level collective bargaining is dominant in the countries we study and that it sets wages but usually not contract type.

AB - We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable cross-country evidence in the literature. We show that the elasticities of wages with respect to labour market concentration are strikingly similar across countries. Increasing labour market concentration by 10.19 0.22 0.25.290.46 0.51.34 while not affecting this probability, labour market concentration has a strong negative effect on conversions to a permanent contract once hired on a temporary one. Using German and Portuguese data, we provide suggestive evidence that the similarity of our wage elasticities across countries and the greater sensitivity of job security to labour market concentration may be explained by the fact that sector-level collective bargaining is dominant in the countries we study and that it sets wages but usually not contract type.

KW - Labour market concentration

KW - Monopsony

KW - Wages

KW - Job security

KW - Collective bargaining

M3 - Working paper

BT - Labour market concentration, wages and job security in Europe

ER -

ID: 336469275