This paper investigates the degree of monopsony power of employers in different industries against the background of a …

of monopsony fail to use firm-level wage variation. I address this by using the estimated firm wage premia to estimate … how wages are related to rent-sharing and monopsony power. I find that the average worker switching from a firm in the 25 … distribution of monopsony, as measured by the Herfindahl-Hirschman Index in industry-by-local labour market hires, decreases wages …