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Author Hirsch, Boris.
Title Monopsonistic labour markets and the gender pay gap : theory and empirical evidence / Boris Hirsch.
Imprint Berlin : Springer Verlag, 2010.

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Author Hirsch, Boris.
Series Lecture notes in economics and mathematical systems ; 639
Lecture notes in economics and mathematical systems ; 639.
Subject Monopsonies.
Labor market -- Mathematical models.
Pay equity -- Mathematical models.
Description 1 online resource (xxiii, 259 pages) : illustrations.
polychrome rdacc
Bibliography Note Includes bibliographical references and index.
Contents Spatial Monopsony -- Simple Static Monopsony -- Short-Run Spatial Monopsony -- Long-Run Spatial Monopsony -- Spatial Monopsony and the Gender Pay Gap -- Spatial Monopsony and Regional Differences in the Gender Pay Gap -- Dynamic Monopsony -- Simple Dynamic Monopsony -- A General Equilibrium Model of Dynamic Monopsony -- Dynamic Monopsony and the Gender Pay Gap -- Concluding Remarks.
Summary This book investigates models of spatial and dynamic monopsony and their application to the persistent empirical regularity of the gender pay gap. Theoretically, the main conclusion is that employers possess more monopsony power over their female employees if women are less driven by pecuniary considerations in their choice of employers than men. Employers may exploit this to increase their profits at the detriment of women's wages. Empirically, it is indeed found that women's labour supply to the firm is less wage-elastic than men's and that at least a third of the gender pay gap in the data investigated may result from employers engaging in monopsonistic discrimination. Therefore, a monopsonistic approach to gender discrimination in the labour market clearly contributes to the economic understanding of the gender pay gap. It not only provides an intuitively appealing explanation of the gap from standard economic reasoning, but it is also corroborated by empirical observation.
Note Print version record.
ISBN 9783642104091
Publisher # 12802678
OCLC # 663096249
Additional Format Print version: Hirsch, Boris. Monopsonistic labour markets and the gender pay gap. Berlin : Springer Verlag, 2010 9783642104084 3642104088 (DLC) 2010920969 (OCoLC)471802138

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