Article Figures & Data
Figures
- Figure 1
Antitrust Cases in Westlaw Database
Notes: based on a search of the Antitrust database in Westlaw. Searches were: “‘product market’/200 (monopoly anticompetitive exclusionary)”; and “‘labor market’/200 (monopsony anticompetitive exclusionary)” and were performed on October 24, 2018.
- Figure 2
Subjective Retention Efficacy and Willingness of HR Managers to Offer Various Amenities
Notes: From Table 4 of 2008 SHRM Retaining Talent Report (Allen 2008).
- Figure 3
Firm Residual Labor Supply Elasticities/Inverse Markdowns
Notes: This figure shows residual labor supply elasticities as a function of firm share of employment (or HHI with equal-sized firms). Residual supply elasticities are calculated as the harmonic mean of the competitive labor supply elasticity and the share-weighted aggregate supply elasticity. The competitive labor supply elasticity is estimated as described in the text using the residual labor supply elasticities reported by either Webber (2015) or Bassier, Dube, and Naidu (2022), along with firm employment shares for 1,000 firms drawn from a Pareto distribution with the mean and standard deviation reported in the respective paper.
Tables
Margin of Monopsony Policy Raising Residual Supply Elasticity Directly Setting Wages/Compensation Offsetting Distortion Wage mandates N Y N Antitrust: Merger screening Y N N Antitrust: Vertical restraints Y N N EITC/wage subsidy N N Y Mandatory benefits ? Y N Job protection ? N N Licensing Y? N N Training Y? N Y Job standardization Y N N Unions Y Y N Governance reforms N Y N Macroeconomic tightness Y N Y
