Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/193383 
Year of Publication: 
2019
Series/Report no.: 
IZA Discussion Papers No. 12089
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
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 extends beyond wages to rates of employment-based health insurance coverage. Estimates suggest negative effects of labor-market concentration on labor compensation. This comes through both reducing the human-capital level of those in the market and reducing pay conditional on human-capital level. Higher product-market concentration exacerbates and higher unionization rates mitigates these effects.
Subjects: 
labor-market concentration
monopsony
wages
health insurance
unions
JEL: 
J31
J32
J42
L13
J51
Document Type: 
Working Paper

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