We begin by examining the fundamentals of monopsonistic wage determination. The core of the theory is a mapping from the distribution of worker outside options to wages. We study non-parametric shape ...

The concept of labor market monopsony refers to a situation where a single employer or a small number of employers have significant control over the labor market, allowing them to set wages and ...

The Growth Lab's Research Seminar series is a weekly seminar that brings together researchers from across the academic spectrum who share an interest in growth and development.

We investigate the cause of the decline in labor share using highly-detailed plant level ... is key to rejecting other potential hypotheses, such as increasing market power and monopsony power, and ...