Corpus ID: 158992807

Concentration in U.S. Local Labor Markets: Evidence from Vacancy and Employment Data

@inproceedings{Hershbein2018ConcentrationIU,
  title={Concentration in U.S. Local Labor Markets: Evidence from Vacancy and Employment Data},
  author={Hershbein and P. Investigator and J. Brad},
  year={2018}
}

Hershbein, P. Investigator, J. Brad

Published 2018

Economics

This paper characterizes the cross-sectional and time-series properties of concentration in employment, job creation, and vacancy flows across U.S. local labor markets. We proceed in three steps: first, we derive conditions for indices of labor market concentration to be appropriate proxies for monopsony power. Then, we compute HerfindahlHirschman Indices at the local labor market level using data on the universe of online vacancies (BGT) and the universe of employers (LBD). Finally, we… CONTINUE READING

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