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The measure of monopsony

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  • Monica Langella
  • Alan Manning

Abstract

There has been increasing interest in recent years in monopsony in labour market. This paper discusses how we can measure monopsony power combining insights from models based on both frictions and idiosyncrasies. It presents some evidence from the UK and the US about how monopsony power varies across the wage distribution within markets, over the business cycle and over time.

Suggested Citation

  • Monica Langella & Alan Manning, 2021. "The measure of monopsony," CEP Discussion Papers dp1780, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepdps:dp1780
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    File URL: https://cep.lse.ac.uk/pubs/download/dp1780.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Filippo Passerini, 2022. "Monopsony in labor markets: Empirical evidence from Italian firms," French Stata Users' Group Meetings 2022 24, Stata Users Group.
    3. Gibson, Matthew, 2021. "Employer Market Power in Silicon Valley," IZA Discussion Papers 14843, Institute of Labor Economics (IZA).
    4. Ihsaan Bassier, 2022. "Firms and inequality when unemployment is high," CEP Discussion Papers dp1872, Centre for Economic Performance, LSE.
    5. Marco Pagano & Luca Picariello, 2022. "Corporate Governance, Favoritism and Careers," CSEF Working Papers 643, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    6. Bassier, Ihsaan, 2022. "Collective bargaining and spillovers in local labor markets," LSE Research Online Documents on Economics 118057, London School of Economics and Political Science, LSE Library.

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    Keywords

    monopsony; labour market competition;

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