externality, but entails commuting costs. Switching between modes of labor delivery is costly, and workers face idiosyncratic …

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor "markdowns", i.e., the gap between wage and the value of …

We study how labor market conditions affect unionization decisions. Tight labor markets might spur unionization, e … beliefs about labor market tightness moderately raises support for union activity. Effect sizes are small as they imply that … counties over several decades. We find no systematic effect of changes in aggregate labor market tightness on union membership …

rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state … using detailed data on state tax schedules, and we measure whether firms react less to labor-demand shocks in the presence …. The results imply experience rating has a stabilizing influence on labor markets. Experience rating saved, for instance …

, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early … the labor market remained surprisingly tight throughout the crisis, despite the dramatic job losses. By spring, 2022, the … labor market had largely recovered and was characterized by extremely tight markets and a slightly depressed employment …