@TechReport{iza:izadps:dp16823,
            	author={Amodio, Francesco and Brancati, Emanuele and Brummund, Peter and Roux, Nicolás de and Maio, Michele Di},
            	title={Global Labor Market Power},
            	year={2024},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16823},
            	url={https://www.iza.org/index.php/publications/dp16823},
	abstract={We estimate the labor market power of over 13,000 manufacturing establishments across 82 low and middle-income countries around the world. Within local labor markets, larger and more productive firms have higher wage markdowns and pay lower wages. Labor market power across countries exhibits a mild non-linear relationship with GDP per capita, entirely driven by a strong hump-shaped relationship with the share of self-employed workers. Labor market institutions fully account for the hump shape: in countries with unemployment protection, wage markdowns increase with the share of self-employment while the opposite is true in countries without it. We explain this finding through the lens of a simple oligopsonistic labor market model with frictions. Self-employment prevalence correlates with the elasticity of labor supply to the wage paid, and labor market institutions can change the sign of this relationship.},
	keywords={labor market power;self-employment;development;labor market institutions},
            }