Full Citation

Title: Labor Monopsony in the Food Retailing Industry

Citation Type: Miscellaneous

Publication Year: 2023

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Abstract: There is growing concern over the causes and consequences of imperfect competition in labor markets, particularly labor markets with many lower-skilled, lower-paid employees. Some show that rising monopsony power accounts for wage stagnation and rising wage inequality (Deb, Eeckhout, Patel, & Warren 2022, 2023) and for an income redistribution away from rural households (Rubens 2023). As a result, understanding the channels and dynamics of employer market power remains key from welfare standpoint and for designing appropriate policies to address labor market inequities (Executive Order, The White House 2021). In this paper, we study one channel using a production function estimation approach (De Loecker & Warzynski 2012) to quantify and characterize labor markdowns in the US food retail sector.

Url: https://ageconsearch.umn.edu/record/343821/files/28678.pdf&hl=en&sa=X&d=975024478230557421&ei=NXmLZuH4OpWx6rQP8emcuAM&scisig=AFWwaeYYBX53FJ9WswVbS3sP_Jj_&oi=scholaralrt&hist=SD6T3SsAAAAJ:11797963153634961054:AFWw

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Authors: Search, AgEcon

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Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Poverty and Welfare

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