1 option
Concentration in US Labor Markets: Evidence From Online Vacancy Data / José A. Azar, Ioana Marinescu, Marshall I. Steinbaum, Bledi Taska.
- Format:
- Book
- Author/Creator:
- Azar, José A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w24395.
- NBER working paper series no. w24395
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Concentration in US Labor Markets
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- Using data on the near-universe of online US job vacancies collected by Burning Glass Technologies in 2016, we calculate labor market concentration using the Herfindahl-Hirschman index (HHI) for each commuting zone by 6-digit SOC occupation. The average market has an HHI of 4,378, or the equivalent of 2.3 recruiting employers. 60% of labor markets are highly concentrated (above 2,500 HHI) according to the DOJ/FTC guidelines. Highly concentrated markets account for 20% of employment. For manufacturing industries, we show that labor market concentration is distinct from product market concentration, and is negatively correlated with wages in each industry's top occupation.
- Notes:
- Print version record
- March 2018.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.