Imperfect Competition, Compensating Differentials, and Rent Sharing in the US Labor Market
中文摘要
我们通过估计美国企业和工人所获得的劳动力市场租金规模，量化了不完全竞争在美国劳动力市场中的重要性。我们通过合并2001–2015年间美国全部企业与工人税务记录，构建了匹配的雇主-雇员面板数据集。利用该面板数据，我们识别并估计了一个具有双侧异质性的劳动力市场均衡模型，在该模型中，由于对非工资工作特征的异质性偏好，工人将企业视为不完全替代。该模型使我们能够就不完全竞争、工人排序、补偿性工资差异和租金分享进行推断。（JEL D24, H24, H25, J22, J24, J31, J42）
Abstract
We quantify the importance of imperfect competition in the US labor market by estimating the size of labor market rents earned by American firms and workers. We construct a matched employer-employee panel dataset by combining the universe of US business and worker tax records for the period 2001–2015. Using this panel data, we identify and estimate an equilibrium model of the labor market with two-sided heterogeneity where workers view firms as imperfect substitutes because of heterogeneous preferences over nonwage job characteristics. The model allows us to draw inference about imperfect competition, worker sorting, compensating differentials, and rent sharing. (JEL D24, H24, H25, J22, J24, J31, J42)