【Trade/IO Seminar】Wage Setting in Multi-Product Firms
2026/03/31
研討會日期 : 2026-03-31
時間 : 14:30
主講人 : Professor Luca Macedoni
地點 : Conference Room B110
主持人 : Professor Sung-Ju Wu
演講者簡介 : Dr. Luca Macedoni received his Ph.D. in Economics from the University of California, Davis in 2017. He is currently an Associate Professor at the University of Milan. His research interests are International Trade and Industrial Organization.
演講摘要 : This paper reveals a new determinant of wage markdowns at the firm level, namely, the product scope. Using matched employer-employee data on Danish manufacturing firms, we document a negative elasticity between wages and firm scope, which is of a similar magnitude but opposite sign as the firm-size wage premium. We rationalize the wage discount using a theory where workers value the opportunity to switch product lines as an amenity. Multiproduct firms exercise their monopsony power to offer lower wages. Our findings have important implications for understanding labor market dynamics in times of rising concentration from the contribution of large multiproduct firms.
