performed. This gives some firms monopsony power in the market for labour trained to do more advanced tasks. Firms will assign …

observable innate ability affects the variety of tasks that can be performed within a firm. This gives monopsony power to firms …. Since the degree of monopsony power is increasing with task complexity, firms whose workforces undertake more sophisticated …

Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday … language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare … distinctions that common usage of the term exploitation allows. I resolve this conflict by introducing a welfare function with …