Training opportunities in monopsonistic labour markets

Fabio Mendez ()

Applied Economics, 2019, vol. 51, issue 43, 4757-4768

Abstract: This paper studies the empirical relationship between the extent of monopsonistic power observed in occupational labour markets and the training opportunities available to workers in those markets; using data from the American National Longitudinal Survey of Youth of 1979. The results reveal a positive and significant association between monopsony power and training availability. The estimated association is found to be stronger for individuals with a college degree, with longer tenure in their jobs, and higher wages. These results are consistent across several econometric specifications that control for time, occupation, and individual fixed effects.

Date: 2019
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DOI: 10.1080/00036846.2019.1602707

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