-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …

This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …