Researchers' interest in monopsony has increased in recent years. This article reviews the
accumulating evidence that employers have considerable monopsony power. It summarizes …

We estimate the effect of minimum wages on low-wage jobs using 138 prominent state-level
minimum wage changes between 1979 and 2016 in the United States using a difference-in …

Recent research indicates that labor market power has contributed to wage inequality and
economic stagnation. Although the antitrust laws prohibit firms from restricting competition in …

We use a massive, matched employer-employee database for the United States to analyze
the contribution of firms to the rise in earnings inequality from 1978 to 2013. We find that one …

This article analyzes how patent-induced shocks to labor productivity propagate into worker
compensation using a new linkage of US patent applications to US business and worker tax …

Standard labor market models assume that workers hold accurate beliefs about the external
wage distribution, and hence their outside options with other employers. We test this …

We reassess the effect of minimum wages on US earnings inequality using additional
decades of data and an IV strategy that addresses potential biases in prior work. We find that …

Relative-pay concerns have potentially broad labor market implications. In a month-long
experiment with Indian manufacturing workers, we randomize whether coworkers within …

I document trends in local industrial concentration from 1976 through 2015 and estimate
effects of concentration on earnings outcomes. Local concentration generally declined over …

This paper uses administrative data to analyze a large employer-borne payroll tax rate cut
for young workers in Sweden. We find no effect on net-of-tax wages of young treated …