How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor "markdowns", i.e., the gap between wage and the value of …

unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …

percentage of immigrants in the labor force. It received a very large number of uneducated immigrants so that two thirds of … workers with no schooling degree in California were foreign-born in 2004. If immigration harms the labor opportunities of … natives. In order to isolate the "supply-driven" variation of immigrants across skills and to identify the labor market …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the …

firm. We overview key theories related to offshoring and its labor market effects and survey three waves of the literature …

diminished and that unemployment was substantial and prolonged during several downturns. The alternative interpretation is that … antebellum fluctuations were more apparent than real; nominal wages, not labor quantities, did most of the adjusting. We analyze … agricultural labor than for other occupations, less for growing regions than for more mature ones, less for unskilled than for …