Researchers' interest in monopsony has increased in recent years. This article reviews the
accumulating evidence that employers have considerable monopsony power. It summarizes …

Impacts of minimum wages: Page 1 1 Contents Executive summary 2 Chapter 1 Introduction –
motivation for a minimum wage, and current policy context 6 Chapter 2 Who would be affected by …

Labor market tightness following the height of the Covid-19 pandemic led to an unexpected
compression in the US wage distribution that reflects, in part, an increase in labor market …

A product market is concentrated when a few firms dominate the market. Similarly, a labor
market is concentrated when a few firms dominate hiring in the market. Using data from the …

The disagreement among studies on the employment effects of minimum wages in the
United States is well known. Less well known, and more puzzling, is the absence of …

Using detailed data on skill requirements in online vacancies, we estimate the demand for AI
specialists across occupations, sectors, and firms. We document a dramatic increase in the …

Labor markets are not perfectly competitive: Monopsony power enables employers to pay
workers less than the marginal revenue product of labor. We review three theoretical …

It has long been argued that a minimum wage could alleviate efficiency losses from
monopsony power. In a general equilibrium framework that quantitatively replicates results …

Low unionization rates, a falling real federal minimum wage, and outsourcing have
hampered wage growth in the low-wage sector in the US. In recent years, a number of …

We examine the role of technological change in explaining the large and persistent decline
in earnings following job loss. Using detailed skill requirements from the near universe of …