Keyword

labor markets

3 papers tagged “labor markets”

EconomicsAmerican Economic Review · Jan 2022

Imperfect Competition, Compensating Differentials, and Rent Sharing in the US Labor Market

Thibaut Lamadon, Magne Mogstad and Bradley Setzler

The authors build and estimate an equilibrium model of imperfect competition in the US labor market using linked employer-employee administrative data, combining firm-level productivity shocks with worker mobility. They quantify the degree of employer wage-setting power (monopsony), how firms share rents with workers, and the role of compensating differentials for non-wage amenities. They find that firms have substantial market power and pass through only part of productivity gains to wages, while amenities matter for worker sorting.

monopsony rent sharing compensating differentials labor markets

EconomicsBrookings Papers on Economic Activity · Mar 2017 Open access

Mortality and Morbidity in the 21st Century

Anne Case and Angus Deaton

The paper documents rising midlife mortality among non-Hispanic white Americans without a college degree since the late 1990s, driven by 'deaths of despair' from drugs, alcohol, and suicide alongside stalled progress against heart disease. The authors link these trends to a long-term deterioration in economic and social conditions for less-educated workers.

deaths of despair mortality health economics inequality

EconomicsAnnual Review of Economics · Oct 2016 Open access

The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade

David H. Autor, David Dorn and Gordon H. Hanson

The authors review the empirical literature on how U.S. local labor markets adjusted to the surge in import competition from China beginning around 1990. They synthesize evidence showing that the gains from trade coexisted with large, geographically concentrated adjustment costs. They conclude that markets adjusted far more slowly than standard trade models predicted.

international trade labor markets china shock import competition