%0 Report
        %A Qiu, Yue
%A Sojourner, Aaron
        %T Labor-Market Concentration and Labor Compensation
        %D 2019
        %8 2019 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 12089
        %U https://www.iza.org/publications/dp12089
        %X 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.
        %K labor-market concentration
%K monopsony
%K wages
%K health insurance
%K unions