RT Journal Article SR Electronic T1 Labor Market Polarization, Job Tasks and Monopsony Power JF Journal of Human Resources JO J Hum Resour FD University of Wisconsin Press SP 0219-10011R1 DO 10.3368/jhr.monopsony.0219-10011R1 A1 Ronald Bachmann A1 Gökay Demir A1 Hanna Frings YR 2021 UL http://jhr.uwpress.org/content/early/2021/03/02/jhr.monopsony.0219-10011R1.abstract 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.