IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v244y2024ics0165176524004865.html
   My bibliography  Save this article

Monopsony and rent sharing: Evidence from Italian hiring subsidies

Author

Listed:
  • Pacelli, Lia
  • Passerini, Filippo

Abstract

We estimate that hiring subsidies reduce concentration in labor markets where both small and large firms coexist. Wages increase only when HSs are in place and firms keep 96% of the subsidy amount, indicating that even small firms have relevant wage-setting power.

Suggested Citation

  • Pacelli, Lia & Passerini, Filippo, 2024. "Monopsony and rent sharing: Evidence from Italian hiring subsidies," Economics Letters, Elsevier, vol. 244(C).
  • Handle: RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004865
    DOI: 10.1016/j.econlet.2024.112002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165176524004865
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.econlet.2024.112002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Monopsony; Labor market concentration; Hiring subsidies; Wages;
    All these keywords.

    JEL classification:

    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004865. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.