Monopsony and Employer Mis-optimization Explain Why Wages Bunch at Round Numbers
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We show that administrative hourly wage data exhibits considerable bunching at round numbers that cannot be explained by rounding of survey respondents. We consider two explanationsworker left-digit bias and employer optimization frictions. We experimentally rule out left-bunching by randomizing
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美国国家经济研究局创建时间：
2018-09-01
