Andrea Bassanini

Andrea Bassanini is a senior economist in the Jobs and Income Division of the Directorate of Employment, Labor and Social Affairs of the OECD, and research fellow at IZA. He is editor of the OECD Employment Outlook. Previously, he was responsible for the OECD database on Employment Protection Legislation and worked as project leader for several OECD projects including the re-evaluation of the OECD Jobs Strategy and many reports including on workplace training, labor market discrimination, employment protection legislation, labor contracts, gross job flows and productivity, as well as labor market monopsony. He was also associate professor of economics at the University of Paris 13 and research fellow at ERMES (University of Paris 2). He received his PhD from the University “La Sapienza” of Rome and his MSc from the University of Oxford.

Labor Markets Are the New Frontier for Competition Policy

Do labor markets in Europe or the United States and Canada experience more monopsony power? In a new paper published in the University of Chicago Law Review, Satoshi Araki, Andrea Bassanini, Andrew Green, Luca Marcolin, and Cristina Volpin provide comparisons of monopsony power between the two regions, documenting similar levels of concentration across labor markets despite generally stronger protections in Europe. They also discuss the effects of such concentration on employment and wages, ending with potential regulatory reforms to address these issues.

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