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Collusion and Imperfect Competition in Labor Markets: A Unified Approach

Project description

Understanding collusion in labour markets

Worker mobility is critical to a healthy labour market, but wage-fixing, no-poaching and non-compete practices can restrict worker opportunities. Anticompetitive practices such as these have attracted growing attention from policymakers and regulators. However, little is known about their overall economic impacts or how they interact with unions or pay transparency initiatives. With this in mind, the ERC-funded COLLABOR project seeks to fill the gap by developing (and validating) transparent models that can be used to understand and quantify the effects of such practices on wages, employment and economic welfare in general. Ultimately, the project aims to inform antitrust policies.

Objective

In recent years, the European Commission and national competition authorities have shown significant interest in collusion and anticompetitive practices in labor markets. While extensive research has enhanced our understanding of imperfectly competitive labor markets, a critical gap remains in our comprehension of modern anticompetitive practices and explicit collusion by employers. Additionally, recent evidence suggests that unions might alleviate the negative wage effects of employment concentration on wages, but we know little about how unions might serve as a remedy against anticompetitive employment practices.

To address these gaps, I propose the following research agenda: First, I will develop a benchmark theoretical model to study various anticompetitive practices in labor markets, including wage-fixing, no-poaching agreements, and noncompete clauses. A main purpose of this model is to provide a transparent approach to quantify the impact of these practices on wages, employment, and overall economic welfare using readily available data. Second, I will extend this model to incorporate the role of unions and asymmetric information, exploring how unions might counteract anticompetitive practices and interact with pay transparency initiatives. Third, I will confront the theoretical framework with empirical evidence on firm pay dynamics, thereby working to reconcile two large literatures on firm dynamics and pay premiums across firms. I will document empirical patterns using recently developed reduced-form methods and employer-employee data and examine the implications for the structure of labor market frictions. This analysis will assess the consistency of the models with observed patterns in wages, productivity, and worker mobility. Ultimately, this research aims to inform antitrust policies by developing and empirically assessing a comprehensive model of anticompetitive practices in labor markets, incorporating unions, information frictions, and firm dynamics.

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HORIZON-ERC - HORIZON ERC Grants

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(opens in new window) ERC-2025-STG

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Host institution

THE UNIVERSITY OF EDINBURGH
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 383 447,00
Address
OLD COLLEGE, SOUTH BRIDGE
EH8 9YL Edinburgh
United Kingdom

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Region
Scotland Eastern Scotland Edinburgh
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 383 447,00

Beneficiaries (1)

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