TY  - RPRT
        AU  - Dodini, Samuel
AU  - Salvanes, Kjell G.
AU  - Willén, Alexander
        TI  - The Dynamics of Power in Labor Markets: Monopolistic Unions versus Monopsonistic Employers
        PY  - 2022/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15635
        UR  - https://www.iza.org/publications/dp15635
        AB  - This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous shocks to unionization, we show that high levels of unionization mitigate the negative wage and employment effects generated by imperfect competition. 
We also identify considerable effect heterogeneity with respect to worker types across differentially concentrated markets, and show that this has major implications for the role of unions in shaping labor market wage inequality.
        KW  - monopsony
KW  - skills
KW  - unions
KW  - market concentration
        ER  -