Monday , October 14 2019
Home / Brad Delong, Berkeley / Brad DeLong's Grasping Reality 2019-07-10 16:22:57

Brad DeLong's Grasping Reality 2019-07-10 16:22:57

Summary:
Arindrajit Dube: "Concentration plays only a modest part in understanding [labor-market] monopsony power. Firms in totally unconcentrated markets still have a labor supply elasticity of 3.7. In other words, even if you totally got rid of labor concentration concentration, you would still have a substantial degree of monopsony, which is endemic. Paper: https://www.nber.org/papers/w25719...

Topics:
Bradford DeLong considers the following as important:

This could be interesting, too:

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-10-13 23:43:56

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-10-13 23:35:01

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-10-13 14:54:53

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-10-13 14:38:58

Arindrajit Dube: "Concentration plays only a modest part in understanding [labor-market] monopsony power. Firms in totally unconcentrated markets still have a labor supply elasticity of 3.7. In other words, even if you totally got rid of labor concentration concentration, you would still have a substantial degree of monopsony, which is endemic. Paper: https://www.nber.org/papers/w25719...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

Leave a Reply

Your email address will not be published. Required fields are marked *