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The measure of monopsony

Langella, Monica and Manning, Alan ORCID: 0000-0002-7884-3580 (2021) The measure of monopsony. CEP Discussion Papers (1780). Centre for Economic Performance, LSE, 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 Authors
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
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: 05 Mar 2022 00:03
URI: http://eprints.lse.ac.uk/id/eprint/113925

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