TY  - RPRT
        AU  - Fakhfakh, Fathi
AU  - FitzRoy, Felix
        TI  - Dynamic Monopsony: Evidence from a French Establishment Panel
        PY  - 2005/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1622
        UR  - https://www.iza.org/publications/dp1622
        AB  - This paper uses a panel of about 6000 French establishments to test some implications of the modern theory of dynamic monopsony or upward sloping labour supply curves for average firm wages. Panel estimates provide strong evidence of a much larger long run employer size - wage effect (ESWE) than found previously, while controlling for worker quality and compensating differentials with lagged wages, and for profitability (rent sharing). Employment expansion also has a positive effect on wages, providing further evidence for upward sloping labour supply (as distinct from the effect of shocks in a perfectly competitive labour market).
        KW  - dynamic monopsony
KW  - firm-size wage effect
KW  - labour supply
        ER  -