TY  - BOOK
AU  - Azar,José
AU  - Marinescu,Ioana
AU  - Steinbaum,Marshall I.
ED  - National Bureau of Economic Research.
TI  - Labor Market Concentration
T2  - NBER working paper series
PY  - 2017///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - December 2017; Hardcopy version available to institutional subscribers
N2  - A product market is concentrated when a few firms dominate the market. Similarly, a labor market is concentrated when a few firms dominate hiring in the market. Using data from the leading employment website CareerBuilder.com, we calculate labor market concentration for over 8,000 geographic-occupational labor markets in the US. Based on the DOJ-FTC horizontal merger guidelines, the average market is highly concentrated. Using a panel IV regression, we show that going from the 25th percentile to the 75th percentile in concentration is associated with a 17% decline in posted wages, suggesting that concentration increases labor market power
UR  - https://www.nber.org/papers/w24147
UR  - http://dx.doi.org/10.3386/w24147
ER  -