PT  - JOURNAL ARTICLE
AU  - Ronald Bachmann
AU  - Gökay Demir
AU  - Hanna Frings
TI  - Labor Market Polarization, Job Tasks and Monopsony Power
AID  - 10.3368/jhr.monopsony.0219-10011R1
DP  - 2021 Mar 09
TA  - Journal of Human Resources
PG  - 0219-10011R1
4099  - http://jhr.uwpress.org/content/early/2021/03/02/jhr.monopsony.0219-10011R1.short
4100  - http://jhr.uwpress.org/content/early/2021/03/02/jhr.monopsony.0219-10011R1.full
AB  - Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have changed over the last 30 years. We find that workers performing mostly non-routine cognitive tasks are exposed to a higher degree of monopsony power than workers performing routine or non-routine manual tasks. Job-specific human capital and non-pecuniary job characteristics are the most likely explanations for this result. We find no evidence that labor market polarization has increased monopsony power over time.