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.

In a competitive labor market, it is well known that minimum wages either have a negative or no effect on employment. In a monopsony labor market, a rise in the minimum wage rate may increase both ...

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 ...