Labor market monopsony power in the manufacturing sector of four Sub-Saharan African countries

IF 0.7 Q4 INDUSTRIAL RELATIONS & LABOR Labour-England Pub Date : 2024-03-24 DOI:10.1111/labr.12271
Samiul Haque, Micheal S. Delgado
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Abstract

We estimate labor market monopsony power among manufacturing firms in four Sub-Saharan African countries using a parametric production function approach on panel dataset. Pooled estimate suggests that wages are approximately 38 percent of the marginal revenue product of labor, implying a labor supply elasticity of 0.62. Nonparametric robustness checks indicate these results are robust to concerns over parametric model misspecification. Departure from competitive labor market leads to approximately 50.80 percent higher employer rent, 75.61 percent lower employee rent, and 15.95 percent deadweight loss. Overall, our results are suggestive of monopsonistic labor markets.

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撒哈拉以南非洲四国制造业的劳动力市场垄断力量
我们使用面板数据集上的参数生产函数方法估算了四个撒哈拉以南非洲国家制造业企业的劳动力市场垄断力。汇总估算结果表明,工资约占劳动力边际收益产品的 38%,这意味着劳动力供给弹性为 0.62。非参数稳健性检验表明,这些结果对参数模型规范错误的担忧是稳健的。脱离竞争性劳动力市场会导致雇主租金增加约 50.80%,雇员租金减少 75.61%,以及 15.95% 的自重损失。总体而言,我们的结果表明了劳动力市场的垄断性。
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来源期刊
Labour-England
Labour-England INDUSTRIAL RELATIONS & LABOR-
CiteScore
1.30
自引率
16.70%
发文量
25
期刊介绍: LABOUR provides a forum for analysis and debate on issues concerning labour economics and industrial relations. The Journal publishes high quality contributions which combine economic theory and statistical methodology in order to analyse behaviour, institutions and policies relevant to the labour market.
期刊最新文献
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