THE MEASURE OF MONOPSONY

• 成果类型: Article; Proceedings Paper
• 署名作者: Langella, Monica; Manning, Alan
• 署名单位: University of London; London School Economics & Political Science
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1093/jeea/jvab039
• 发表日期: 2021
• 页码: 2929-2957
• 关键词: labor-markets; UNITED-STATES; COMPETITION; price; cost

摘要

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.