Yeh, Chen; Macaluso, Claudia; Hershbein, Brad - 2022
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power … and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a … investigate long-term trends in employer market power, we propose a novel measure for the aggregate markdown that is consistent …