In recent years, there has been increasing interest in whether and how bureaucratic
effectiveness contributes to development. Just what makes for an effective bureaucracy and …

Researchers' interest in monopsony has increased in recent years. This article reviews the
accumulating evidence that employers have considerable monopsony power. It summarizes …

The event study model is a powerful econometric tool used for the purpose of estimating
dynamic treatment effects. One of its most appealing features is that it provides a built-in …

We document that between 50% and 70% of changes in the US wage structure over the last
four decades are accounted for by relative wage declines of worker groups specialized in …

I discuss the recent literature that has led to new interest in the idea of monopsonistic wage
setting. Building on advances in search theory and in models of differentiated products …

We use detailed administrative data to study the adjustment of local labor markets to
industrial robots in Germany. Robot exposure, as predicted by a shift-share variable, is …

We investigate the wage, employment, and reallocation effects of the introduction of a
nationwide minimum wage in Germany that affected 15% of all employees. Based on …

How important is human capital at the top of the US income distribution? A primary source of
top income is private “pass-through” business profit, which can include entrepreneurial labor …

Standard labor market models assume that workers hold accurate beliefs about the external
wage distribution, and hence their outside options with other employers. We test this …

We study the impact of rising robot exposure on the careers of individual manufacturing
workers, and the equilibrium impact across industries and local labor markets in Germany …