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the own-ers to the workers, monopsony power is still widespread, especially in some sectors and regions. The introduction … of a minimum wage would be beneficial to workers and the economy as it reduces the monopsony power of highly productive …
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separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and …
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Using different data sources from local labour markets (LLMs) in Italy between 1971 and 2011, we document a number of stylized facts: a) local differences in the ratios of private employment to population are highly persistent; b) the population has a limited reaction to labour demand shocks,...
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