Marshall Lecture 2020: the measure of monopsony

Monica Langella and Alan Manning

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: monopsony; labour market competition (search for similar items in EconPapers)
JEL-codes: I21 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2021-12-01
New Economics Papers: this item is included in nep-com, nep-ltv and nep-reg
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Citations: View citations in EconPapers (9)

Published in Journal of the European Economic Association, 1, December, 2021, 19(6), pp. 2929-2957. ISSN: 1542-4766

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http://eprints.lse.ac.uk/111444/ Open access version. (application/pdf)

Related works:
Journal Article: Marshall Lecture 2020: The Measure of Monopsony (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:111444

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