Replication data for: Measuring Labor Market Power Two Ways

Principal Investigator(s):  View help for Principal Investigator(s) José Azar; Ioana Marinescu; Marshall Steinbaum

Version:  View help for Version V1

Name File Type Size Last Modified
  Code 12/07/2019 03:58:PM
  Inputs 12/07/2019 03:58:PM
LICENSE.txt text/plain 14.6 KB 12/07/2019 10:58:AM
master.do text/plain 1.2 KB 12/07/2019 10:58:AM
readme.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 13.4 KB 12/07/2019 10:58:AM

Project Citation: 

Azar, José, Marinescu, Ioana, and Steinbaum, Marshall. Replication data for: Measuring Labor Market Power Two Ways. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116482V1

Project Description

Summary:  View help for Summary We compute the "applications elasticity" as a proxy for firm-level labor supply elasticity by regressing the applications to a given job on the posted wage. The average applications elasticity in our data is 0.42. We then relate our elasticity estimates to concentration in labor markets defined by six-digit SOC occupations and commuting zone. We show a robust negative relationship between the two. Applications elasticity is near zero for all but the most densely populated labor markets, suggesting that 80 percent of the workforce works in labor markets where employers exercise significant monopsony power.

Scope of Project

JEL Classification:  View help for JEL Classification
      J22 Time Allocation and Labor Supply
      J31 Wage Level and Structure; Wage Differentials
      J42 Monopsony; Segmented Labor Markets


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V1 [2019-12-07]

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