Imperfect Competition in the Labour Market

Alan Manning

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the size of rents, theories of and evidence on the distribution of rents between worker and employer, and the areas of labour economics where a perspective derived from imperfect competition makes a substantial difference to thought.

Keywords: Imperfect competition; labour markets; rents; search; matching; monopsony (search for similar items in EconPapers)
JEL-codes: J0 J42 J63 J64 (search for similar items in EconPapers)
Date: 2010-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Chapter: Imperfect Competition in the Labor Market (2011)
Working Paper: Imperfect competition in the labour market (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0981

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