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Labor Market Concentration
| Content Provider | Scilit |
|---|---|
| Author | Azar, Joss Marinescu, Ioana Elena Steinbaum, Marshall |
| Copyright Year | 2017 |
| Description | Journal: SSRN Electronic Journal A product market is concentrated when a few firms dominate the market. Similarly, a labor market is concentrated when a few firms dominate hiring in the market. Using data from the leading employment website CareerBuilder, we calculate labor market concentration for over 8,000 geographic-occupational labor markets in the US. Based on the DOJ-FTC horizontal merger guidelines, the average market is highly concentrated. Using a panel IV regression, we show that going from the 25th percentile to the 75th percentile in concentration is associated with a 17% decline in posted wages, suggesting that concentration increases labor market power. |
| Related Links | https://www.econstor.eu/bitstream/10419/177058/1/dp11254.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3088767 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3088767 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2017-12-15 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Industrial Relations Labor Markets Competition Policy |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |