TY  - RPRT
        AU  - Bassanini, Andrea
AU  - Batut, Cyprien
AU  - Caroli, Eve
        TI  - Labor Market Concentration and Stayers' Wages: Evidence from France
        PY  - 2021/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14912
        UR  - https://www.iza.org/publications/dp14912
        AB  - We investigate the impact of labor market concentration on stayers' wages, where stayers are defined as individuals who were already employed in the same firm the year before. Using administrative data for France, we show that the elasticity of stayers' wages to labor market concentration ranges between -0.0185 and -0.0230, depending on the instrument we use, and controlling for labor productivity and local product market concentration. This represents between about two thirds and three fourth of the elasticity we estimate for new hires. Given the strong wage rigidities characterizing the French labor market, this estimate can be considered a lower bound of the effect of labor market concentration on stayers' wages in an international perspective.
        KW  - labor market concentration
KW  - monopsony
KW  - wages
KW  - stayers
        ER  -