Monopsony in labor markets: a review
Researchers? interest in monopsony has increased in recent years. This article reviews the accumulating evidence that employers have considerable monopsony power. It summarizes the application of this idea to explaining the impact of minimum wages and immigration, in anti-trust, and in understanding how to model the determinants of earnings in matched employer?employee data sets and the implications for inequality and the labor share. ? The Author(s) 2020.
1 January 2021
ILR Review 74(1) , pp.3-26, 2021
https://journals.sagepub.com/doi/abs/10.1177/0019793920922499
This Journal article is published under the centre's Community Wellbeing programme.