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 …

This book analyzes the status and position of African American men in the U.S. labor market prior to, during, and after …1. The Position of African American Men in the US Labor Market Prior to the Great Recession for the Years 2002 … Theoretical Considerations -- 3. African American Men’s Decline in Labor Market Status during the Great Recession -- 4. The Role …