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Monopsony in labor markets: a review

Manning, Alan ORCID: 0000-0002-7884-3580 (2021) Monopsony in labor markets: a review. Industrial and Labor Relations Review, 74 (1). 3 - 26. ISSN 0019-7939

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Identification Number: 10.1177/0019793920922499


Researchers’ interest in monopsony has increased in recent years. This article reviews the accumulating evidence that employers have considerable monopsony power. It summarizes the application of this idea to explaining the impact of minimum wages and immigration, in anti-trust, and in understanding how to model the determinants of earnings in matched employer–employee data sets and the implications for inequality and the labor share.

Item Type: Article
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Additional Information: © 2020 The Author
Divisions: Economics
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HB Economic Theory
JEL classification: J - Labor and Demographic Economics > J4 - Particular Labor Markets > J42 - Monopsony; Segmented Labor Markets
Date Deposited: 18 Feb 2020 16:15
Last Modified: 03 Dec 2023 00:15

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