Skip to main content
Discussion Paper

Estimating Labor Market Power

Published: September 2019
Researchers analyzed the impact of job differentiation on employer market power and the resulting impact on wages.

Using application data from, researchers created a differentiated jobs model and find direct evidence of substantial job differentiation. Researchers find evidence of significant monopsony power: their model finds that workers may produce 21% more than their wage level.

Abstract and Citation

Azar, José and Berry, Steven T. and Marinescu, Ioana Elena, Estimating Labor Market Power (September 18, 2019). Available at SSRN: or