I discuss the recent literature that has led to new interest in the idea of monopsonistic wage
setting. Building on advances in search theory and in models of differentiated products …

Linear panel models, and the “event-study plots” that often accompany them, are popular
tools for learning about policy effects. We discuss the construction of event-study plots and …

We develop, estimate, and test a tractable general equilibrium model of oligopsony with
differentiated jobs and concentrated labor markets. We estimate key model parameters by …

Do firms that pay more offer better amenities, or does the greater pay compensate for worse
amenities? Using matched US employee-employer data, this paper estimates the joint …

How do firms set wages across space? Using job-level vacancy data and a survey of HR
managers, we show that 40-50% of a job's posted wages are identical across locations …

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 …

While the effects of the platform economy on work are mainly studied through the lens of gig
or cloud workers, many more employees are likely to be affected in non-platform firms or …

Ecological compensation is a crucial measure to balance the interests of all stakeholders
and mobilize local government's initiative in pollution control, while the relationship between …

We measure workers' preferences for wages and non-wage amenities at America's largest
employer, Walmart, using targeted survey experiments. We find that workers have an …

Pay gaps for women and minorities have persisted after accounting for observable
differences. Why? If employers can access applicants' salary histories while bargaining over …