RT Journal Article
SR Electronic
T1 Labor Market Concentration, Wages and Job Security in Europe
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 0223-12757R1
DO 10.3368/jhr.0223-12757R1
A1 Bassanini, Andrea
A1 Bovini, Giulia
A1 Caroli, Eve
A1 Ferrando, Jorge Casanova
A1 Cingano, Federico
A1 Falco, Paolo
A1 Felgueroso, Florentino
A1 Jansen, Marcel
A1 Martins, Pedro S.
A1 Melo, António
A1 Oberfichtner, Michael
A1 Popp, Martin
YR 2024
UL http://jhr.uwpress.org/content/early/2024/07/24/jhr.0223-12757R1.abstract
AB We leverage administrative linked employer-employee data from six European countries to provide the first comparable cross-country evidence on the impact of labor market concentration on wages and job security. We find strikingly similar and relatively low wage elasticities across countries, but greater elasticities for job security, as measured by contract type. We provide suggestive evidence that the similarity of our wage elasticities and the greater sensitivity of job security to labor 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.