In brief... Monopsony in labour markets: what it is, why it matters
CentrePiece. The Magazine of Economic Performance
2020
25
3
Autumn
22-23
epidemic disease ; labour market ; labour mobility ; labour market flexibility
Labour market
https://cep.lse.ac.uk/_NEW/PUBLICATIONS/abstract.asp?index=7516
English
"Many firms are able to exploit the fact that it is hard for workers to move from one employer to another, keeping wages lower than they would be in a competitive market. As Alan Manning explains, labour markets are becoming less dynamic and one consequence is to increase this ‘monopsony power' of employers."
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