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 …

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

.S. labor market slack and show that underemployment and hidden unemployment currently account for the bulk of the U …In the wake of a severe recession and a sluggish recovery, labor market slack cannot be gauged solely in terms of the … conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching …

Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes …. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical … sets of person-level characteristics. We exploit this larger and more detailed data set to examine the labor market …

This paper investigates the potential reasons for the surprisingly different labor market performance of the United … States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

U.S. labor markets became much less fluid in recent decades. Job reallocation rates fell more than a quarter after 1990 … models that exploit low frequency variation over time within states, using state-level changes in population composition and …, and that sustained high employment is unlikely to return without restoring labor market fluidity …

-skilled labor markets, increasing unemployment of native low skilled. Legalization, instead decreases the unemployment rate of low … the US economy. To answer this question we set up a two-country model with search in labor markets and featuring legal and … the labor cost of employers who, as a consequence, create more jobs per unemployed when there are more immigrants. Because …

, then firms will require more effort, lowering the value of additional labor and reducing new hiring …