Andrea Bassanini

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Volume 90.2
Labor Market Concentration and Competition Policy Across the Atlantic
Satoshi Araki
Junior Economist, Jobs and Income Division, Organisation for Economic Cooperation and Development.
Andrea Bassanini
Senior Economist, Jobs and Income Division, Organisation for Economic Cooperation and Development, and Research Fellow, IZA.
Andrew Green
Economist, Skills and Employability Division, Organisation for Economic Cooperation and Development.
Luca Marcolin
Economist, Skills and Employability Division, Organisation for Economic Cooperation and Development, and KU Leuven.
Cristina Volpin
Competition Expert, Competition Division, Organisation for Economic Cooperation and Development.

This Essay expresses the personal views of the authors. It does not necessarily reflect the official views of the Organisation for Economic Co-operation and Development or any of its Member Countries. The authors are grateful to the participants of the 2022 University of Chicago Law Review Symposium on Law and Labor Market Power for comments and suggestions.

Drawing upon data from the largest cross-country study of labor market concentration to date, this Essay analyzes the level of concentration of labor-input markets in Europe and North America and provides a comparative perspective on employers’ monopsony power. It explores the characteristics of monopsony in labor markets and documents its impact by looking at the magnitude of employer concentration in selected jurisdictions.