We begin by examining the fundamentals of monopsonistic wage determination. The core of the theory is a mapping from the distribution of worker outside options to wages. We study non-parametric shape ...

A new paper by Harvard economists David Deming and Lawrence H. Summers offers early evidence of artificial intelligence ...

An expert Q&A on the antitrust issues that can arise for companies when making business decisions that affect employees or ...

I write about financial market trends and recession risk indicators. The U.S. labor market has been the economy’s most solid pillar over the past several quarters, with an average of 314,000 ...

The first component will focus on the different positions within these debates, the claims around the empowerment potential of labour market participation and the claims around growth. It will examine ...

And things were going pretty well. The labor market was on a roll, adding jobs at a healthy pace. Unemployment was at a historically low 3.5%. By April, with the pandemic in full swing ...

U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening ...

The main reason: The Fed is worried that the tight U.S labor market could keep wage pressures elevated and hinder its efforts to get inflation back to 2 percent. Nonetheless, equity investors ...

But some on Wall Street think the labor market, not inflation, is the place to look for better clues on what could push the Fed to cut rates later this year. Just look at what happened in ...

But 65,000 people entering the labor market is actually "a quite small number," said Harry Holzer, a nonresident senior fellow in Economic Studies at Brookings Institute and a public policy ...

a picture "consistent with a healthy labor market that is neither weakening nor showing signs of overheating," Federal Reserve Governor Adriana Kugler said in Miami, Florida. At the same time ...