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 ...

The Chinese government is phasing in reforms for many technical standards that shape the products and services used by ...

Defying fears of a pandemic-driven Great Depression, the U.S. job market closed out the Biden era with steady job gains.

Some firms' reluctance to adjust lockstep compensation systems and a hot hiring market are contributing reasons. At some Big Law firms, partners rarely depart for other firms. Something keeps them ...

The low hiring rate shows the labor market is "standing over a cliff," says Kathryn Anne Edwards. Per JOLTS, openings ...

This paper examines how the composition of firm exposure and competition among imperfectly substitutable workers mediate the earnings, welfare, and unemployment incidence of changes in the ...

Economic-development wins are positive but are also raising competition for workers, leading a consultant to warn a group of ...

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 ...

WASHINGTON, Feb 13 (Reuters) - The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market remained stable early in February.

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 ...

Concern about the stock market’s overvaluation is going mainstream. For years now, those who have worried about the equity market’s overvaluation have been voices in the wilderness.