Estimados Académicos y Académicas FEN,

Les extendemos la invitación al seminario que organiza el Departamento de Economía, en el que se presentará el trabajo titulado "The Role of Composition in Assessing Labor Market Power: Evidence from Retail Pharmacy".

Expone: Tomás Guanziroli, Profesor Asistente, Universidad Andrés Bello.

Abstract: I use a large merger to study the effects of a concentration on labor market outcomes. I find that concentration lowers wages, but the effects are different than prior estimates in the literature. I observe a larger reduction in wages of salespeople (low skill) than pharmacists (high skill). Two hypotheses can explain the results: (i) salespeople have strong preferences for jobs or accumulate some industry-specific human capital, and (ii) pharmacists are better organized into unions. Previous studies do not account for changes in labor force composition that are relevant after a merger, which could explain the difference in estimates. I show that changes in labor force composition within establishments are common in the economy over time.

Link al paper.

El formato será presencial y el seminario se desarrollará en la Sala P-303.

Saludos cordiales,

Dirección de Investigación