Monopsony Power, Pay Structure, and Training

@article{Muehlemann2011MonopsonyPP,
title={Monopsony Power, Pay Structure, and Training},
author={Samuel Muehlemann and P. Ryan and S. Wolter},
journal={Industrial \& Labor Relations Review},
year={2011},
volume={66},
pages={1097 - 1114}
}
• Published 2011
• Economics
• Industrial & Labor Relations Review
Although interest in monopsonistic influences on labor market outcomes has revived in recent years, only a few empirical studies provide direct evidence on this topic. In this article, the authors analyze the effect of monopsony power on pay structure, using a direct measure of labor market thinness. The authors find evidence of monopsony power, as firms facing fewer local competitors offer lower wages to skilled labor and trainees, but not to unskilled labor. The findings have important… Expand
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