Research Spotlight: Measuring Employers’ Market Power
Abstract: How competitive is the U.S. labor market? Is it highly competitive with few to no distortions, or do a few firms hold dominant market power? Answering this question quantitatively is helpful for understanding how wages are affected by labor market power, and thus for understanding how workers will be affected by labor policy choices.
File format is application/pdf
Description: Journal Article
Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2022