Labor-Market Concentration and Labor Compensation

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Qiu, Yue, Sojourner, Aaron J
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2019
• Subjects: Compensation; Economic models

This paper estimates the effect of labor-market concentration on labor compensation across the U.S. private sector since 2000. We distinguish between concentration in local labor markets versus local product markets, guarding against bias from confounded product-market concentration. Analysis extend...