Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022
own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which … Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this … primary determinant: in 2016 monopoly accounts for 75% of wage stagnation, monopsony for 25%. …