Labor economics often assumes that wages w are equal to the marginal revenue product of labor MRP L. However, recent literature has shown that firms' market power allows them to pay wages substantially below marginal productivity. The markdown (MRP L - w)/w is our preferred measure of firms'...

Jones and Marinescu (2022) study the employment effects of a universal cash transfer in Alaska. Using a synthetic control method, they find that the transfer had no negative effects on employment. We reproduce the results using their replication package and investigate if the results hold when...

Worker power is an important channel by which workers can achieve economic security and mobility in the labor market. This landscape report summarizes the state of knowledge on the different pathways workers can use to exercise their power and voice to achieve higher wages and better working...

Do racial disparities in the paid labor market also extend to the unpaid labor market? Using American Time Use Survey (ATUS) data, we find that Black people spend 13% less time at work than white people, and 17% less time in volunteering. Using an Oaxaca-Blinder decomposition, we show that...

While unemployment insurance (UI) could help attenuate racial income disparities in the U.S., Black unemployed workers seem to receive less UI benefits than White ones. To understand why, we analyze administrative data from random audits on UI claims in all U.S. states. We first document a large...

How does employer market power affect workers? We compute the concentration of new hires by occupation and commuting zone in France using linked employer-employee data. Using instrumental variables with worker and firm fixed effects, we find that a 10% increase in labor market concentration...