Supply, Demand, Institutions, and Firms: A Theory of Labor Market Sorting and the Wage Distribution
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This paper examines how workforce composition, labor demand, and minimum wage jointly determine wages through their effects on worker-task assignments, firm wage premiums, and firm-worker sorting. Using an estimated model of monopsonistic local labor markets, it finds that minimum wage hikes and
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美国国家经济研究局创建时间：
2023-06-01
