This paper examines how the composition of firm exposure and competition among imperfectly substitutable workers mediate the earnings, welfare, and unemployment incidence of changes in the ...
We begin by examining the fundamentals of monopsonistic wage determination. The core of the theory is a mapping from the distribution of worker outside options to wages. We study non-parametric shape ...
The U.S. economy added fewer jobs in January than economists had forecast, although the jobless rate edged lower.
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Economic-development wins are positive but are also raising competition for workers, leading a consultant to warn a group of ...
The US added 143,000 jobs in January, with a drop in unemployment. Find out why wage growth and job gains lead to a hawkish ...
Policymakers will probably focus on wage and unemployment data that suggests further easing is not needed for now ...
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