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BEGIN:VEVENT
UID:63395585ee1ce8a3a74ad275025be42b
CATEGORIES:Seminars
CREATED:20260430T072824
SUMMARY:Kai-Jie Wu - Penn State University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nRobinson Meets Roy: Monopsony Power and Comparative Advantage\n\n\nAbst
 ract:\nWe provide a number of insights into the nature and consequences of 
 monopsony powerthroughthelensofcomparativeadvantage, whereemployers’powerin
 wage setting stems from match-specific rents. Chief among them is that empl
 oyers will apply larger wage markdowns to workers with greater comparative 
 advantage at their firm. This leads to stronger monopsony power over more p
 roductive workers, provided the workers’ comparative advantage aligns with 
 their absolute advantage. UsingBrazilian administrative data, weconfirmthis
 prediction: monopsonydispro portionately affects high-wage workers within f
 irms and workers at high-paying f irms. The model, calibrated to our estima
 tes for Brazil, predicts that minimum wages increase both wages and formal 
 employment for more productive workers while pushing less productive worker
 s out of formal employment.\n
DTSTAMP:20261022T235415Z
DTSTART:20261123T163000Z
DTEND:20261123T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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