Labour Market Polarisation, Job Tasks and Monopsony Power

Ronald Bachmann, Gökay Demir () and Hanna Frings
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Gökay Demir: IZA

No 13989, IZA Discussion Papers from IZA Network @ LISER

Abstract: Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have changed over the last 30 years. We find that workers performing mostly non-routine cognitive tasks are exposed to a higher degree of monopsony power than workers performing routine or non-routine manual tasks. Job-specific human capital and non-pecuniary job characteristics are the most likely explanations for this result. We find no evidence that labour market polarisation has increased monopsony power over time.

Keywords: task approach; technological change; labour-supply elasticities; monopsony; routine intensity (search for similar items in EconPapers)
JEL-codes: J24 J42 J62 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2020-12
New Economics Papers: this item is included in nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - published in: Journal of Human Resources, 2022, 57, S11-S49

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Related works:
Journal Article: Labor Market Polarization, Job Tasks, and Monopsony Power (2022)
Working Paper: Labour market polarisation, job tasks and monopsony power (2020)
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