The measure of monopsony

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)
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:	11 Mar 2024 12:15
URI:	http://eprints.lse.ac.uk/id/eprint/113925

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