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the other hand, we document a decline in monopsony power, as both the heterogeneity and the aggregate level of markdowns …
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This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …
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, and a pure monopsony (one employer) reduces wages by 13 percent. A simulation shows that wages under pure monopsony could … be 47 percent lower, suggesting that employers do not use the extent of their monopsony power. Enforcing wage regulations …
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This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
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