Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232741 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13989
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have changed over the last 30 years. We find that workers performing mostly non-routine cognitive tasks are exposed to a higher degree of monopsony power than workers performing routine or non-routine manual tasks. Job-specific human capital and non-pecuniary job characteristics are the most likely explanations for this result. We find no evidence that labour market polarisation has increased monopsony power over time.
Subjects: 
monopsony
labour-supply elasticities
technological change
task approach
routine intensity
JEL: 
J24
J42
J62
Document Type: 
Working Paper

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