PT  - JOURNAL ARTICLE
AU  - Bachmann, Ronald
AU  - Demir, Gökay
AU  - Frings, Hanna
TI  - Labor Market Polarization, Job Tasks, and Monopsony Power
AID  - 10.3368/jhr.monopsony.0219-10011R1
DP  - 2022 Apr 01
TA  - Journal of Human Resources
PG  - S11--S49
VI  - 57
IP  - S
4099  - http://jhr.uwpress.org/content/57/S/S11.short
4100  - http://jhr.uwpress.org/content/57/S/S11.full
SO  - J Hum Resour2022 Apr 01; 57
AB  - Using a semistructural 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 nonroutine cognitive tasks are exposed to a higher degree of monopsony power than workers performing routine or nonroutine manual tasks. Job-specific human capital and nonpecuniary job characteristics are the most likely explanations for this result. We find no evidence that labor market polarization has increased monopsony power over time.