Disruptions of labor market trajectories have lasting effects on later economic success. One type of disruption that is understudied is displacement due to forced labor conscription, despite it still being a frequent event nowadays. I study the consequences of exposure to forced labor...

The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be consistent with the long-run dynamics of the labor...

Minimum wages decrease employment in competitive markets, but can increase it in monopsonistic markets so long as they do not exceed the marginal product of labour. We find evidence of non-monotonicity both by market structure and minimum wage level. Minimum wage hikes initially increase hours...