Firm concentration & job design: the case of schedule flexible work arrangements
We build a model of job design under monopsony that yields predictions over the relationship between: (i) the amenity value of non-wage job features; (ii) whether they are costly or profitable to firms; (iii) monopsony power. We analyse the amenity value of schedule flexibility offered in the labour...
| Main Authors: | , , , |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
University of Oxford
2023
|
| _version_ | 1797110442977394688 |
|---|---|
| author | Adams-Prassl, A Balgova, M Qian, M Waters, T |
| author_facet | Adams-Prassl, A Balgova, M Qian, M Waters, T |
| author_sort | Adams-Prassl, A |
| collection | OXFORD |
| description | We build a model of job design under monopsony that yields predictions over the relationship between: (i) the amenity value of non-wage job features; (ii) whether they are costly or profitable to firms; (iii) monopsony power. We analyse the amenity value of schedule flexibility offered in the labour market by combining our model’s predictions with a new measure of schedule flexibility, which we construct from job vacancy text using a supervised machine learning approach. We show that the amenity value of schedule flexibility depends crucially on whether it is offered alongside a salaried contract that insures workers from earnings variation. |
| first_indexed | 2024-03-07T07:54:55Z |
| format | Working paper |
| id | oxford-uuid:b321cbaf-0beb-43be-8bd6-3d0e52253ff0 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:54:55Z |
| publishDate | 2023 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:b321cbaf-0beb-43be-8bd6-3d0e52253ff02023-08-14T15:00:16ZFirm concentration & job design: the case of schedule flexible work arrangementsWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:b321cbaf-0beb-43be-8bd6-3d0e52253ff0EnglishSymplectic ElementsUniversity of Oxford2023Adams-Prassl, ABalgova, MQian, MWaters, TWe build a model of job design under monopsony that yields predictions over the relationship between: (i) the amenity value of non-wage job features; (ii) whether they are costly or profitable to firms; (iii) monopsony power. We analyse the amenity value of schedule flexibility offered in the labour market by combining our model’s predictions with a new measure of schedule flexibility, which we construct from job vacancy text using a supervised machine learning approach. We show that the amenity value of schedule flexibility depends crucially on whether it is offered alongside a salaried contract that insures workers from earnings variation. |
| spellingShingle | Adams-Prassl, A Balgova, M Qian, M Waters, T Firm concentration & job design: the case of schedule flexible work arrangements |
| title | Firm concentration & job design: the case of schedule flexible work arrangements |
| title_full | Firm concentration & job design: the case of schedule flexible work arrangements |
| title_fullStr | Firm concentration & job design: the case of schedule flexible work arrangements |
| title_full_unstemmed | Firm concentration & job design: the case of schedule flexible work arrangements |
| title_short | Firm concentration & job design: the case of schedule flexible work arrangements |
| title_sort | firm concentration job design the case of schedule flexible work arrangements |
| work_keys_str_mv | AT adamsprassla firmconcentrationjobdesignthecaseofscheduleflexibleworkarrangements AT balgovam firmconcentrationjobdesignthecaseofscheduleflexibleworkarrangements AT qianm firmconcentrationjobdesignthecaseofscheduleflexibleworkarrangements AT waterst firmconcentrationjobdesignthecaseofscheduleflexibleworkarrangements |