We collect data from the 1979 National Longitudinal Survey of Youth and create comparable measures of monopsonistic power for up to 46 occupational labor markets in the USA, starting in 1979 and ending in 2000. Our results suggest most occupational labor markets during that period were characterized by substantial amounts of monopsonistic, wage-setting power. Furthermore, after controlling for individual, time, and industry fixed effects, our results show a negative and significant correlation between the extent of monopsony power that characterizes a market and both, the wages and fringe benefits received by workers.

中文翻译：

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职业劳动力市场的垄断力量

我们从 1979 年全国青年纵向调查中收集数据，并为美国多达 46 个职业劳动力市场（从 1979 年开始到 2000 年结束）创建了可比较的垄断力量衡量标准。我们的结果表明，该时期的大多数职业劳动力市场的特点是大量的垄断性工资设定权力。此外，在控制了个人、时间和行业固定效应后，我们的结果表明，表征市场的垄断权力程度与工人获得的工资和附加福利之间存在显着负相关。