Peter Brummund is a PhD candidate in Economics at Cornell University. He holds a MSc in Development Studies from the London School of Economics and a BS in Computer Science from Taylor University in Indiana. He has worked as a consultant to the World Bank in Indonesia and the UNDP in Botswana. Peter's dissertation research is on the wage setting behavior of firms in developing countries.
Research
Fields of Specialization
- Development Economics, Labor Economics, Applied Econometrics
- [Job Market Paper]
- Variation in Monopsonistic Behavior Across Establishments: Evidence From the Indonesian Labor Market
- Firms are able to behave monopsonistically when hiring workers because of frictions in the labor market. These frictions have traditionally been thought of as moving costs that separate labor markets. More recent theoretical work has shown that individual firms can have market power independent of the labor market due to other frictions, such as search frictions or information asymmetries. However, current techniques for measuring market power are unable to separate the firm determinants of market power from the market determinants. This paper proposes a new method for measuring monopsonistic behavior that yields a firm-specific measurement.... Read more
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Curriculum Vitae
Upcoming and recent presentations include: