Applied Economics & Econometrics Seminar Series. Wage-Setting Constraints and Firm Responses to Demand Shocks
Published: 11 March 2026
18 March 2026. Professor Manudeep Bhuller, University of Oslo
Professor Manudeep Bhuller, University of Oslo
"Wage-Setting Constraints and Firm Responses to Demand Shocks"
Wednesday, 18 March. 15:00
Room 386AB ASBS
Abstract
This paper investigates how institutional wage-setting constraints, such as a national minimum wage or collectively bargained wages, affect firm responses to demand shocks. We develop a framework to interpret heterogeneous shock responses that depend on the constraints firms face, and provide empirical evidence on the relevance of these constraints in shaping firm behavior across three countries with different institutional settings: Portugal, Norway, and Colombia. We discuss the implications of our findings for conventional estimates of rent-sharing and employer wage-setting power.
Biography
Manudeep Bhuller is a Professor in the Department of Economics at the University of Oslo, Norway. His research interests are in labor economics, economics of education, and economics of crime. Before starting at the University of Oslo, he was a Post-Doctoral Scholar in the Department of Economics at the University of Chicago and a Researcher in the Research Department of Statistics Norway
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First published: 11 March 2026