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Imperfect Competition in the Labor Market

  • Manning, Alan

It is increasingly recognized that labor markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labor markets as imperfectly competitive, reviews estimates on the size of rents, theories of and evidence on the distribution of rents between worker and employer, and the areas of labor economics where a perspective derived from imperfect competition makes a substantial difference to thought.

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This chapter was published in:
  • O. Ashenfelter & D. Card (ed.), 2011. "Handbook of Labor Economics," Handbook of Labor Economics, Elsevier, edition 1, volume 4, number 5.
  • This item is provided by Elsevier in its series Handbook of Labor Economics with number 5-11.
    Handle: RePEc:eee:labchp:5-11
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