Marinescu, Ioana E.; Ouss, Ivan; Pape, Louis-Daniel - 2020
find that a 10% increase in labor market concentration decreases hires by 12.4% and the wages of new hires by nearly 0 ….9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two … employers in the retail industry would be most damaging, with about 24 million euros in annual lost wages for new hires, and an …