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 …

This paper studies the employment and productivity implications of new labor regulations in China. These new … compensation. We estimate a model of costly labor adjustment from data prior to the policy. We use the estimated model to simulate … reduction in labor reallocation and an increase in the exit rate. A policy of credit market liberalization will reduce …

degree. The shortfall is concentrated in the private sector, especially labor-intensive industries that rely heavily on less …

We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian …

productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask … to what extent the gap is still present when better measures of sector labor inputs and value added are taken into …

recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …

online labor market. Labor demand elasticities determine workers’ wages, and buyers’ past market experience shapes both their …

labor market, looking at both wage and employment effects. Using the Regional File of the IAB Employment Subsample for the … whereas new and old immigrants exhibit perfect substitutability. Our analysis suggests that if the German labor market were as … 'flexible' as the UK labor market, it would be more efficient in dealing with the effects of immigration …

competition, search and matching in its labor market, and wage bargaining. Some of the workers searching for jobs end up being … unemployed. Countries are similar except for frictions in their labor markets. We study the interaction of labor market … both countries gain from trade but that the flexible country -- which has lower labor market frictions -- gains …