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

Rising income inequality has recently come centre‐stage as a core societal concern for rich
countries. The diagnosis of the forces driving inequality upwards and their relative …

This paper synthesizes what economists have learned about human capital since Becker
(1962) into four stylized facts. First, human capital explains at least one-third of the variation …

We document that between 50% and 70% of changes in the US wage structure over the last
four decades are accounted for by relative wage declines of worker groups specialized in …

In order to better understand the complex and dialectical relationships between digital
technologies, innovation, and skills, it is necessary to improve our understanding of the …

We investigate the wage, employment, and reallocation effects of the introduction of a
nationwide minimum wage in Germany that affected 15% of all employees. Based on …

In this chapter, we review the evidence and explanations for the modern productivity
paradox and propose a resolution. Namely, there is no inherent inconsistency between …

The fall of labor's share of GDP in the United States and many other countries in recent
decades is well documented but its causes remain uncertain. Existing empirical …

How important is human capital at the top of the US income distribution? A primary source of
top income is private “pass-through” business profit, which can include entrepreneurial labor …

We link survey data on Danish people's perceived income positions and fairness views on
inequality within various reference groups to administrative records on their reference …