Modern Models of Monopsony in Labor Markets: A Brief Survey
Orley Ashenfelter,
Henry S Farber () and
Michael Ransom ()
Additional contact information
Henry S Farber: Princeton University
No 4915, IZA Discussion Papers from Institute of Labor Economics (IZA)
Abstract:
This brief survey contains a review of several new empirical papers that attempt to measure the extent of monopsony in labor markets. As noted originally by Joan Robinson, monopsonistic exploitation represents the gap between the value of a worker's marginal product and the worker's wage, and it represents both a distortion in the allocation of resources and an income transfer away from workers. The evidence surveyed from a fairly broad range of labor markets suggests that monopsony may be far more pervasive than is sometimes suggested.
Keywords: imperfect labor markets; monopsony (search for similar items in EconPapers)
JEL-codes: J31 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2010-04
New Economics Papers: this item is included in nep-lab and nep-ltv
References: Add references at CitEc
Citations: View citations in EconPapers (21)
Published - published as 'Labor Market Monopsony' in: Journal of Labor Economics, 2010, 28 (4), 203 - 210
Downloads: (external link)
https://docs.iza.org/dp4915.pdf (application/pdf)
Related works:
Working Paper: Modern Models of Monopsony in Labor Markets: A Brief Survey (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp4915
Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Access Statistics for this paper
More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().