How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … examine this in the context of China and India – two large, rapidly-growing developing economies. Using theory, we develop a … in China and 15 percentage points in India. This impact has fallen over time in both countries as firm concentration in …

considerable degree of monopsony. We replicate the absence of round number discontinuities in firm labor supply in matched worker … the bunching in the data. The extent of monopsony power implied by our estimated labor supply elasticities, which are in … labor without being driven out of the market in the presence of monopsony power …

healthcare systems rely on the use of government monopsony power to decrease spending. The United States is a notable exception … economic implications of a greater use of monopsony power in the United States. We present a model of monopsony power and test …

are below marginal productivity, as with monopsony, employers are able to increase wages without laying off workers, but … monopsony explanation by studying a key low-wage retail sector and using data on labor market concentration that covers the … monopsony model as an explanation for the near-zero minimum wage employment effect documented in prior work. They suggest the …

This paper tests for and measures monopsony power in the U.S. higher education labor market. It does so by directly … demand instruments. The results indicate that schools have significant monopsony power over their tenure track faculty. Its …-tenure track faculty, however, universities do not seem to have any monopsony power and instead face perfectly elastic residual …

increases over time; (2) consistent with labor market monopsony power, there is a negative relation between local-level employer … from China (the “China Shock”) is associated with more concentrated labor markets. These five results emphasize the role of …

On-demand labor platforms make up a large part of the “gig economy.” We quantify the extent of monopsony power in one …

monopsony), this paper relies on two extensions of Hallʼs econometric framework for estimating simultaneously price-cost margins …