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Firm layoff behavior - PowerPoint PPT Presentation

CH 5: Frictions in the Labor Market

CH 5: Frictions in the Labor Market. Monopsony Source of monopsony power Effects on wages & employment Quasi-fixed labor costs Types of QF costs Effects of QF costs on hours/workers Training as a QF cost & consequences of training investments for structure of pay. Monopsony.

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Firm layoff behavior - PowerPoint PPT Presentation

CH 5: Frictions in the Labor Market