Strong Employers and Weak Employees

References

1. ↵
   2. Abel, Will ,
   3. Silvana Tenreyro , and
   4. Gregory Thwaites .

   2018. “Monopsony in the UK.” Unpublished.
2. ↵
   2. Autor, David H. ,
   3. David Dorn , and
   4. Gordon H. Hanson .

   2013. “The China Syndrome: Local labor Market Effects of Import Competition in the United States.” American Economic Review 103(6):2121–168.

   OpenUrlCrossRef
3. ↵
   2. Autor, David H. ,
   3. David Dorn ,
   4. Gordon H. Hanson , and
   5. Jae Song .

   2014. “Trade Adjustment: Worker-Level Evidence.” Quarterly Journal of Economics 129(4):1799–860.

   OpenUrlCrossRef
4. ↵
   2. Autor, David ,
   3. David Dorn ,
   4. Lawrence F. Katz ,
   5. Christina Patterson , and
   6. John Van Reenen

   . 2017. “The Fall of the Labor Share and the Rise of Superstar Firms.” NBER Working Paper 23396. Cambridge, MA: NBER.
5. ↵
   2. Azar, José ,
   3. Ioana Marinescu , and
   4. Marshall Steinbaum .

   2022. “Labor Market Concentration.” Journal of Human Resources 57:S167–S199 (this issue). https://doi.org/10.3368/jhr.monopsony.1218-9914R1

   OpenUrlAbstract/FREE Full Text
6. ↵
   2. Barkai, Simcha .

   2020. “Declining Labor and Capital Shares.” Journal of Finance 75(5):2421–63.

   OpenUrl
7. ↵
   2. Bartelsman, Eric ,
   3. Randy Becker , and
   4. Wayne Gray .

   2000. “NBER-CES Manufacturing Industry Database.” Cambridge, MA: NBER.
8. ↵
   2. Benmelech, Efraim ,
   3. Nittai Bergman , and
   4. Hyunseob Kim .

   2017. “WhyDid Rent-SharingVanish in the United States?” Unpublished.
9. ↵
   2. Bivens, Josh , and
   3. Lawrence Mishel .

   2015. “Understanding the Historic Divergence between Productivity and a Typical Worker’s Pay.” EPI Briefing Paper 406. Washington, DC: EPI.
10. ↵
    2. Boal, William M. , and
    3. Michael R. Ransom .

    1997. “Monopsony in the Labor Market.” Journal of Economic Literature 35(1):86–112.

    OpenUrlWeb of Science
11. ↵
    2. Card, David.

    1992. “The Effect of Unions on the Distribution of Wages: Redistribution or Relabeling?” NBER Working Paper 4195. Cambridge, MA: NBER.
12. ↵
    2. Card, David , and
    3. Alan B. Krueger .

    1994. “Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania.” American Economic Review 84(4):772–93.

    OpenUrlWeb of Science
13. ↵
    Council of Economic Advisers. 2016. “Labor Market Monopsony: Trends, Consequences, and Policy Responses.” Council of Economic Advisers Issue Brief. Washington, DC: Obama White House. https://obamawhitehouse.archives.gov/sites/default/files/page/files/20161025_monopsony_labor_mrkt_cea.pdf (accessed October 22, 2020).
14. ↵
    2. De Locker, Jan , and
    3. Jan Eeckhout .

    2017. “The Rise of Market Power and the Macroeconomic Implications.” NBER Working Paper 23687. Cambridge, MA: NBER.
15. ↵
    2. Dube, Arindrajit ,
    3. William T. Lester , and
    4. Michael Reich .

    2010. “Minimum Wage Effects across State Borders: Estimates Using Contiguous Counties.” Review of Economics and Statistics 92(4):945–64.

    OpenUrlCrossRefWeb of Science
16. ↵
    2. Dube, Arindrajit ,
    3. William T. Lester , and
    4. Michael Reich .

    2016. “Minimum Wage Shocks, Employment Flows and Labor Market Frictions.” Journal of Labor Economics 34(3):663–704.

    OpenUrl
17. ↵
    2. Ellison, Glenn ,
    3. Edward L. Glaeser , and
    4. William R. Kerr .

    2010. “What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns.” American Economic Review 100(3):1195–213.

    OpenUrlCrossRefWeb of Science
18. ↵
    2. Flinn, Christopher

    . 2006. “Minimum Wage Effects on Labor Market Outcomes under Search, Bargaining, and Endogenous Contact Rates.” Econometrica 74(4):1013–62.

    OpenUrlCrossRefWeb of Science
19. ↵
    2. Fort, Teresa C. , and
    3. Shawn Klimek .

    2018. “The Effects of Industry Classification Changes on US Employment Composition.” CES Working Paper 18-28.
20. ↵
    2. Freeman, Richard , and
    3. James Medoff .

    1981. “The Impact of the Percentage Organized on Union and Nonunion Wages.” Review of Economics and Statistics 63(4):561–72.

    OpenUrlCrossRefWeb of Science
21. ↵
    2. Greenstone, Michael ,
    3. Richard Hornbeck , and
    4. Enrico Moretti .

    2010. “Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings.” Journal of Political Economy 118(3): 536–98.

    OpenUrlCrossRefWeb of Science
22. ↵
    2. Grullon, Gustavo ,
    3. Yelena Larkin , and
    4. Roni Michaely .

    2019. “Are US Industries Becoming More Concentrated?” Review of Finance 23(4):697–743.

    OpenUrl
23. ↵
    2. Gutiérrez, Germán , and
    3. Thomas Philippon .

    2017. “Investmentless Growth: An Empirical Investigation.” Brookings Papers on Economic Activity 48(2):89–190.

    OpenUrl
24. ↵
    2. Hirsch, Barry T. , and
    3. David A. Macpherson .

    2003. “UnionMembership and Coverage Database from the Current Population Survey: Note.” Industrial and Labor Relations Review 56(2):349–54.

    OpenUrlCrossRef
25. ↵
    2. Keane, Michael P.

    2011. “Labor Supply and Taxes: A Survey.” Journal of Economic Literature 49(4):961–1075.

    OpenUrlCrossRef
26. ↵
    2. Kim, Hyunseob.

    2020. “How Does Labor Market Size Affect Firm Capital Structure? Evidence from Large Plant Openings.” Journal of Financial Economics 138(1)277–94.

    OpenUrl
27. 2. Kim, E. ,
    3. Han , and
    4. Vijay Singal .

    1993. “Mergers and Market Power: Evidence from the Airline Industry.” American Economic Review 83(3):549–659.

    OpenUrlWeb of Science
28. ↵
    2. Kovenock, Dan , and
    3. Gordon Phillips .

    1997. “Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions.” Review of Financial Studies 10(3):767–803.

    OpenUrlCrossRef
29. ↵
    2. Krueger, Alan B.

    2018. “Reflections on Dwindling Worker Bargaining Power and Monetary Policy.” Luncheon Address at the Jackson Hole Economic Symposium, August 2018.
30. ↵
    2. Krueger, Alan B. , and
    3. Orley Ashenfelter .

    2022. “Theory and Evidence on Employer Collusion in the Franchise Sector.” Journal of Human Resources 57:S324–S348 (this issue). https://doi.org/10.3368/jhr.monopsony.1019-10483

    OpenUrlAbstract/FREE Full Text
31. ↵
    2. Lichtenberg, Frank.

    1992. Corporate Takeovers and Productivity. Cambridge, MA: MIT Press.
32. ↵
    2. Lipsius, Ben.

    2018. “Labor Market Concentration Does Not Explain the Falling Labor Share.” Unpublished.
33. ↵
    2. Manning, Alan.

    2003. Monopsony in Motion: Imperfect Competition in Labor Markets. Princeton, NJ: Princeton Press.
34. ↵
    2. Manning, Alan , and
    3. Barbara Petrongolo .

    2017. “How Local Are Labour Markets? Evidence from a Spatial Job Search Model.” American Economic Review 107(10):2877–907.

    OpenUrl
35. ↵
    2. Mishel, Lawrence.

    2012. “TheWedges between Productivity and Median Compensation Growth.” EPI Issue Brief 330. Washington, DC: EPI.
36. ↵
    2. Molloy, Raven ,
    3. Christopher L. Smith , and
    4. Abigail Wozniak .

    2014. “Declining Migration within the U.S.: The Role of the Labor Market.” NBER Working Paper 20065. Cambridge, MA: NBER.
37. ↵
    2. Moretti, Enrico.

    2011. “Local Labor Markets.” In Handbook of Labor Economics, Volume 4, Part B, ed. David Card and Orley Ashenfelter , 1237–313. Amsterdam: Elsevier.

    OpenUrl
38. ↵
    2. Murphy, Kevin M. , and
    3. Robert H. Topel .

    1987. “The Evolution of Unemployment in the United States: 1968–1985.” NBER Macroeconomic Annual 2:11–57.

    OpenUrl
39. ↵
    2. Naidu, Suresh ,
    3. Eric A. Posner , and
    4. Glen Weyl .

    2018. “Antitrust Remedies for Labor Market Power.” Unpublished.
40. ↵
    2. Ransom, Michael R. , and
    3. David P. Sims .

    2010. “Estimating the Firm’s Labor Supply Curve in a ‘New Monopsony’ Framework: Schoolteachers in Missouri.” Journal of Labor Economics 28(2):331–55.

    OpenUrlCrossRef
41. ↵
    2. Rinz, Kevin.

    2022. “Labor Market Concentration, Earnings, and Inequality.” Journal of Human Resources 57:S251–S283 (this issue). https://doi.org/10.3368/jhr.monopsony.0219-10025R1

    OpenUrlAbstract/FREE Full Text
42. ↵
    2. Schoar, Antoinette.

    2002. “Effects of Corporate Diversification on Productivity.” Journal of Finance 57(6): 2379–403.

    OpenUrlCrossRefWeb of Science
43. ↵
    2. Staiger, Douglas O. ,
    3. Joanne Spetz , and
    4. Ciaran S. Phibbs .

    2010. “Is There Monopsony in the Labor Market? Evidence from a Natural Experiment.” Journal of Labor Economics 28(2):211–36.

    OpenUrlCrossRefWeb of Science
44. ↵
    2. Staiger, Douglas , and
    3. James H. Stock .

    1997. “Instrumental Variables Regressions with Weak Instruments.” Econometrica 65(3):557–86.

    OpenUrlCrossRefPubMedWeb of Science
45. ↵
    2. Stansbury, Anna , and
    3. Lawrence Summers .

    2017. “Productivity and Pay: Is the Link Broken?” NBER Working Paper 24165. Cambridge, MA: NBER.
46. ↵
    2. Starr, Evan P. ,
    3. J.J. Prescott , and
    4. Norman Bishara .

    2019. “Noncompetes in the U.S. Labor Force.” Unpublished.
47. ↵
    2. Sullivan, Daniel.

    1989. “Monopsony Power in the Market for Nurses.” Journal of Law and Economics 32(2, Part 2):S135–S78.

    OpenUrlCrossRef
48. U.S. Department of Justice Office of Public Affairs. 2014. “Justice Department Requires eBay to End Anticompetitive ‘No Poach’ Hiring Agreements.” Washington, DC: U.S. Department of Justice, Office of Public Affairs.
49. ↵
    2. Whitney, Lance.

    2015. “Apple, Google, Others Settle Antipoaching Lawsuit for $415 Million.” CNET.com, September 3. https://www.cnet.com/news/apple-google-others-settle-anti-poaching-lawsuit-for-415-million/ (accessed October 22, 2020).