Labor Market Institutions and Wage-Setting Power
测量了16个拉美和加勒比国家企业的工资设定权力，发现工会密度低、集体谈判有限、缺乏失业保护的国家中企业权力更大，凸显了劳动力市场制度对工资设定和贸易收益分配的影响。
<h3>Abstract</h3> We measure firms’ wage-setting power in 16 Latin American and Caribbean countries. Exploiting variation in firms’ exposure to trade and exchange rates, we generate shocks to labor demand to trace out firm-level labor supply curves and quantify labor market power. We estimate an inverse labor supply elasticity of 0.82, implying that workers receive 55 cents per additional dollar produced. Wage-setting power is significantly higher among firms in countries with lower union density, limited collective bargaining, and no unemployment protection. This underscores the role of labor market institutions in shaping firms’ wagesetting power and the distribution of the gains from trade.