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Andrew Green

Andrew Green is a labor market economist in the Skills and Employability Division of the Directorate of Employment, Labor and Social Affairs of the OECD. His work at the OECD has focused on the effect of technology, including artificial intelligence, on labor markets; monopsony; domestic outsourcing; and the changing job prospects for workers at the bottom of the wage distribution. He holds a PhD in Economics from Cornell University.
Antitrust and Competition

Labor Markets Are the New Frontier for Competition Policy

Satoshi Araki
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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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.