SSRN

Why Has Antitrust Law Failed Workers?

In the last several years, economists have learned about an antitrust problem of vast scope. Far from approximating the conditions of perfect competition as long assumed, most labor markets are characterized by monopsony — meaning that employers pay …

Unemployment Insurance and Job Search Behavior

Unemployment insurance (UI) helps workers smooth their consumption at job loss but can also affect their job search behavior due to moral hazard. We shed light on the effect of UI on job search behavior using new longitudinal data: we track job …