Langella, Monica ORCID: 0000-0001-7711-416X and Manning, Alan Patrick
ORCID: 0000-0002-7884-3580
(2021)
The measure of monopsony.
CEP Discussion Papers (CEPDP1780).
London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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Abstract
There has been increasing interest in recent years in monopsony in labour market. This paper discusses how we can measure monopsony power combining insights from models based on both frictions and idiosyncrasies. It presents some evidence from the UK and the US about how monopsony power varies across the wage distribution within markets, over the business cycle and over time.
Item Type: | Monograph (Discussion Paper) |
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Official URL: | https://cep.lse.ac.uk/_new/publications/discussion... |
Additional Information: | © 2021 The Author(s) |
Divisions: | Centre for Economic Performance Economics |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
JEL classification: | J - Labor and Demographic Economics > J4 - Particular Labor Markets > J42 - Monopsony; Segmented Labor Markets J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. |
Date Deposited: | 04 Mar 2022 11:15 |
Last Modified: | 16 May 2024 12:23 |
URI: | http://eprints.lse.ac.uk/id/eprint/113925 |
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