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Monopsony in the labor market: new empirical results and new public policies
Ashenfelter, Orley; Card, David E.; Farber, Henry S.; … - 2021
This paper summarizes the results of nearly a dozen new papers presented at the Sundance Conference on Monopsony in …, study various aspects of monopsony and failures of competition in labor markets. It also reports on the new developments in …
Persistent link: https://www.econbiz.de/10012703105
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Labor market power, self-employment, and development
Amodio, Francesco; Medina, Pamela; Morlacco, Monica - 2024
This paper shows that self-employment shapes labor market power in low-income countries, affecting industrial development. Using Peruvian data, we show that wage-setting power increases with concentration, but less so where self-employment is more prevalent. A general equilibrium model shows...
Persistent link: https://www.econbiz.de/10015074510
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Labor market power, self-employment, and development
Amodio, Francesco; Medina, Pamela; Morlacco, Monica - 2022
This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high self-employment rates across manufacturing local labor...
Persistent link: https://www.econbiz.de/10013343285
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Labor Market Power, Self-Employment, and Development
Amodio, Francesco; Medina, Pamela; Morlacco, Monica - 2022
This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high self-employment rates across manufacturing local labor...
Persistent link: https://www.econbiz.de/10013426326
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Monopsony in the U.S. labor market
Yeh, Chen; Macaluso, Claudia; Hershbein, Brad - 2022
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a monopsonistic environment and, at least since the...
Persistent link: https://www.econbiz.de/10013342001
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Labor market power, self-employment, and development
Amodio, Francesco; Medina, Pamela; Morlacco, Monica - 2024
This paper shows that self-employment shapes labor market power in low-income countries, affecting industrial development. Using Peruvian data, we show that wage-setting power increases with concentration, but less so where self-employment is more prevalent. A general equilibrium model shows...
Persistent link: https://www.econbiz.de/10015077823
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Monopsony in the U.S. labor market
Yeh, Chen; Macaluso, Claudia; Hershbein, Brad - 2022
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a monopsonistic environment and, at least since the...
Persistent link: https://www.econbiz.de/10013162115
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Comments on the 2023 draft merger guidelines : a labor market perspective
Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023
The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …
Persistent link: https://www.econbiz.de/10014335050
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Comments on the 2023 Draft Merger Guidelines: A Labor Market Perspective
Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023
The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …
Persistent link: https://www.econbiz.de/10014377304
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The labor market power of exporting firms: Evidence from Latin America
Amodio, Francesco; Brancati, Emanuele; de Roux, Nicolás; … - 2024
Using establishment-level data from the World Bank Enterprise Survey, we assess the market power of exporting firms across 16 countries in Latin America. Leveraging information on export destinations, as well as exchange rate and price data, we construct exchange rate-driven shocks to the...
Persistent link: https://www.econbiz.de/10014563902