Monopsonistic Labour Markets and the Gender Pay Gap

This book investigates models of spatial and dynamic monopsony and their application to the persistent empirical regularity of the gender pay gap. Theoretically, the main conclusion is that employers possess more monopsony power over their female employees if women are less driven by pecuniary considerations in their choice of employers than men. Employers may exploit this to increase their profits at the detriment of women's wages. Empirically, it is indeed found that women's labour supply to the firm is less wage-elastic than men's and that at least a third of the gender pay gap in the data investigated may result from employers engaging in monopsonistic discrimination. Therefore, a monopsonistic approach to gender discrimination in the labour market clearly contributes to the economic understanding of the gender pay gap. It not only provides an intuitively appealing explanation of the gap from standard economic reasoning, but it is also corroborated by empirical observation.

ISBN 3642104088   Pages 303 ISBN13 9783642104084 (What's this?)   Weight (grammes) 890 Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG   Published in Berlin Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K   Series title Lecture Notes in Economics and Mathematical Systems Format Paperback   Height (mm) 234 Publication date 26 Feb 2010   Width (mm) 156 DEWEY 331.42153015195   Spine width (mm) 15 DEWEY edition DC22   Academic level Professional / Scholarly

1		Introduction		1
2		Simple static monopsony		11
3		Short-run spatial monopsony		15
3		Long-run spatial monopsony		49
5		Spatial monopsony and the gender pay gap		95
6		Spatial monopsony and regional differences in the gender pay gap		113
7		Simple dynamic monopsony		133
8		A general equilibrium model of dynamic monopsony		137
9		Dynamic monopsony and the gender pay gap		151
10		Concluding remarks		201
App. A		Spatial monopsony		207
App. B		Dynamic monopsony		231
		References		245
		Index		257

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