Department Seminar: Axel Gottfries

  • Datum: 21 december 2023, kl. 13.15–14.30
  • Plats: Ekonomikum, F433
  • Typ: Seminarium
  • Föreläsare: Axel Gottfries från University of Edinburgh
  • Arrangör: Nationalekonomiska institutionen
  • Kontaktperson: Yoko Okuyama


Termins sista  institutionsseminarium gästas av Axel Gottfries från University of Edinburgh. Han är en mycket begåvad makroekonom, med fokus på arbetsmarknadsfrågor. Läs mer om honom här: https://sites.google.com/site/axelgottfries/

 

"Dynamic Monopsony with Large Firms and Noncompetes"

How do noncompete agreements between workers and firms affect wages and employ-ment in equilibrium? We build a tractable framework of wage posting with on-the-jobsearch and large employers that provides a natural laboratory to assess anti-conpetitivepractices in the labor market. We characterize the impact of market structure and showthat noncompetes can sharply suppress wages. We validate the quantitative model withempirical evidence on the impact of mergers and noncompetes on employment and wages.Banning noncompetes in the US would raise wages by 4%. Wage gains are large when de-mand is inelastic, training costs are high, and when noncompetes are widespread.

FÖLJ UPPSALA UNIVERSITET PÅ

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