A vast literature seeks to measure and explain the apparent decline in the labor share in
national income that has occurred in recent times in the United States and elsewhere. The …

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 …

In this provocative, consequential book, Couldry and Mejias theorize the dynamics of
change in contemporary capitalism as grounded in a new form of data colonialism. They …

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 …

Unlucky young workers entering the labor market in recessions suffer a range of medium-to
long-term consequences. This paper summarizes the findings of the growing empirical …

This article assesses several aspects of recent macroeconomic market power research.
These include the ways market power is defined and measured; the use of accounting data …

As ever more policy-makers, governments and organisations turn to the gig economy and
digital labour as an economic development strategy to bring jobs to places that need them, it …

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 …