Marshall Lecture 2020: the measure of monopsony

Langella, Monica ORCID: 0000-0001-7711-416X and Manning, Alan ORCID: 0000-0002-7884-3580 (2021) Marshall Lecture 2020: the measure of monopsony. Journal of the European Economic Association, 19 (6). pp. 2929-2957. ISSN 1542-4766

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Abstract

There has been increasing interest in recent years in monopsony in the labour market. This paper discusses how we can measure monopsony power by combining insights from models based on both frictions and idiosyncrasies. It presents some evidence from the United Kingdom and the United States about how monopsony power varies across the wage distribution within markets, over the business cycle and over time.

Item Type:	Article
Official URL:	https://academic.oup.com/jeea
Additional Information:	© 2021 The Authors
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor
JEL classification:	I - Health, Education, and Welfare > I2 - Education > I21 - Analysis of Education
Date Deposited:	26 Jul 2021 16:09
Last Modified:	17 Apr 2024 07:30
URI:	http://eprints.lse.ac.uk/id/eprint/111444

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