TY  - RPRT
        AU  - Qiu, Yue
AU  - Sojourner, Aaron
        TI  - Labor-Market Concentration and Labor Compensation
        PY  - 2019/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 12089
        UR  - https://www.iza.org/publications/dp12089
        AB  - 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.
        KW  - labor-market concentration
KW  - monopsony
KW  - wages
KW  - health insurance
KW  - unions
        ER  -