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 …

improve the labor markets in which blacks - especially low-income urban blacks - tend to reside. We first review the … discuss new evidence of labor market networks that are to some extent stratified by race, which may help explain racial … urban blacks, and because, in the case of MTO, the role of labor market networks was weakened. Finally, we discuss policies …

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 quot;supply-drivenquot; variation of immigrants across skills and to identify the labor …

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 …

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 …

decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis …This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We … taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European …

the effects of labor demand shocks on prosecutions. Positive shocks in the textile, iron, and coal industries increased … prosecutions, and wages responded more to labor demand shocks. Coercive contract enforcement was applied in industrial Britain …

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 …