used by the optimal growth problem. Finally, the paper shows that the negative welfare effect of monopsony is larger when …

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

Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum … comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …, theresults lend empirical support to the monopsony argument, implying that conventionalminimum wage effects on employment conceal …

Economists increasingly refer to monopsony power to reconcile the absence of negative employment effects of minimum … wages with theory. However, systematic evidence for the monopsony argument is scarce. In this paper, I perform a … comprehensive test of monopsony theory by using labor market concentration as a proxy for monopsony power. Labor market …

employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony … States under concentrated labor markets and low-mobility jobs (two variables that measure monopsony), identify heterogeneous … effects among different scenarios derived from the monopsony model, and provide a plausible explanation of the mixed results …

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 …