Public policy and labour market competition

Orley Ashenfelter

Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: The last decade has witnessed a number of remarkable developments in public policy, laws and law enforcement that have been associated with failures of competition in US labour markets. These include: (1) enforcement actions and antitrust law suits regarding explicit conspiracies to suppress competition in labour markets; (2) the documentation and forced abolition of franchise contracts that include worker ‘no-poaching’ clauses; (3) explicit discussion of the regulation of mergers that affect labour market competition; and (4) legislation and regulation affecting ‘non-compete’ and ‘non-solicit’ clauses in employment contracts. In the following, I review the recent developments in public policy. I begin with a deconstruction of a particularly high-level conspiracy to reduce labour market competition in the High-Tech world.

Keywords: Public Policy; Labor Markets; Competition (search for similar items in EconPapers)
JEL-codes: J40 J48 (search for similar items in EconPapers)
Date: 2023-06
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