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

This paper quantifies employer market power in US manufacturing and how it has changed
over time. Using administrative data, we estimate plant-level markdowns—the ratio between …

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 …

We quantify the importance of imperfect competition in the US labor market by estimating the
size of labor market rents earned by American firms and workers. We construct a matched …

Rising profitability and market valuations of US businesses, sluggish wage growth and a
declining labor share of income, and reduced unemployment and inflation, have defined the …

The Economics of Health and Health Care is the market-leading health economics textbook,
providing comprehensive coverage of all the key topics, and balancing economic theory …

Public employment programs may affect poverty both directly through the income they
provide and indirectly through general equilibrium effects. We estimate both effects …

We estimate how exogenous worker exits affect firms' demand for incumbent workers and
new hires. Drawing on administrative data from Germany, we analyze 34,000 unexpected …

Inequalities abound in the US economy, and a central driver in recent decades is the
widening gap between the hourly compensation of a typical (median) worker and …

We estimate the impact of the firm component of hourly wage variation on separations from
matched Oregon employer–employee data. We use both firm fixed effects estimated from a …