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UID:20251025T232407EDT-0635VT1ZTv@132.216.98.100
DTSTAMP:20251026T032407Z
DESCRIPTION:Speaker: Isaac Sorkin (Stanford)\n	Host: Fabian Lange\n	Field: La
 bour Economics\n\nWebpage: https://sites.google.com/site/isaacsorkin/home
 \n\nDate: February 17\, 2021\n	Time: 14:00-15:00 Eastern Time\n\n'Granular 
 Search\, Market Structure\, and Wages”\n\nAbstract:\n	We develop a model wh
 ere labor market structure affects the division of surplus between firms a
 nd workers. Using Austrian data we show that in more concentrated labor ma
 rkets\, workers are more likely to return to past employers. In our model\
 , the possibility of these re-encounters endows firms with size-based mark
 et power since outside options are truly outside the firm: firms do not co
 mpete with their own vacancies. Hence\, a worker’s outside option is worse
  when bargaining with a larger firm\, and wages depend on market structure
 . The quantified model suggests that such size-based market power could su
 bstantially reduce wages.\n
DTSTART:20210217T190000Z
DTEND:20210217T200000Z
SUMMARY:Isaac Sorkin (Stanford)\, 'Granular Search\, Market Structure\, and
  Wages”
URL:/economics/channels/event/isaac-sorkin-stanford-gr
 anular-search-market-structure-and-wages-328551
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