Marshall Lecture 2020: the measure of monopsony

Langella, M.ORCID logo & Manning, A.ORCID logo (2021). Marshall Lecture 2020: the measure of monopsony. Journal of the European Economic Association, 19(6), 2929-2957. https://doi.org/10.1093/jeea/jvab039
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There has been increasing interest in recent years in monopsony in the labour market. This paper discusses how we can measure monopsony power by combining insights from models based on both frictions and idiosyncrasies. It presents some evidence from the United Kingdom and the United States about how monopsony power varies across the wage distribution within markets, over the business cycle and over time.
Item Type Article
Copyright holders © 2021 The Authors
Departments LSE > Research Centres > Centre for Economic Performance
LSE > Academic Departments > Economics
DOI 10.1093/jeea/jvab039
Date Deposited 26 Jul 2021
Acceptance Date 30 Jun 2021
URI https://researchonline.lse.ac.uk/id/eprint/111444

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