Labor-Market Concentration and Labor Compensation

This article estimates the effect of labor-market concentration on labor compensation across the US private sector since 2000. The authors distinguish between concentration in local labor markets and local product markets while guarding against bias from confounded product-market concentration. The...

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Bibliographic Details
Published in:Industrial & labor relations review 2023-05, Vol.76 (3), p.475-503
Main Authors: Qiu, Yue, Sojourner, Aaron
Format: Article
Language:English
Subjects:
Compensation
Employment
Health insurance
Insurance coverage
Labor market
Market concentration
Private sector
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Summary:This article estimates the effect of labor-market concentration on labor compensation across the US private sector since 2000. The authors distinguish between concentration in local labor markets and local product markets while guarding against bias from confounded product-market concentration. The analysis extends beyond wages to rates of employment-based health insurance coverage. Reported results suggest negative effects of labor-market concentration on labor compensation. These effects are exacerbated when product-market concentration is higher or when workers are older.
ISSN:0019-7939
2162-271X
DOI:10.1177/00197939221138759