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 S11 OP S49 DO 10.3368/jhr.monopsony.0219-10011R1 VO 57 IS S A1 Ronald Bachmann A1 Gökay Demir A1 Hanna Frings YR 2022 UL http://jhr.uwpress.org/content/57/S/S11.abstract 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.