: local wage shares and labor income inequality. Combining data from the Economic Census and the Population and Housing … developed countries and with the emerging literature on monopsony power, we first show that a higher level of concentration is … associated with reductions in skilled and unskilled workers' wages. Furthermore, the elasticities are relatively similar. Second …

primary determinant: in 2016 monopoly accounts for 75% of wage stagnation, monopsony for 25%. …Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two … coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their …