framework has struggled to explain. We begin by examining the fundamentals of monopson- istic wage determination. The core of … wage markdowns do not necessarily signal inefficiency and discuss some criteria for assessing misallocation in a monopsony … to rationalize patterns of worker-firm sorting. Monopsony models traditionally assume that firms commit to posted wages …

Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing … different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have … degree of monopsony power than workers performing routine or non-routine manual tasks. Job-specific human capital and non …