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Labor

Book Reviews

Can We Repair a Broken Economy Without Manufacturing Jobs?

Matthew Lucky
Matt Lucky reviews Dani Rodrik’s new book, “Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor, and Our Climate”
Cultural Economics

The Bottom-Line Case for Better Workplaces

Mario Amore
In new research, Mario Amore, Morten Bennedsen, Birthe Larsen, and Zeyu Zhao examine the symbiotic relationship between working environments and employee well-being, finding that when workers are safe and satisfied, companies profit.
Antitrust and Competition

Swedish Workers Lose Out In M&A Even When CEOs Gain

Jakob Beuschlein
Summary Teaser: In a new working paper, Jakob Beuschlein, Jósef Sigurdsson, and Horng Chern Wong find that workers at acquired firms in Sweden experience wage cuts. Rather than from the increased monopsony power of employers, these wage cuts are due to rent redistribution toward higher CEO pay.
Book Excerpts

The Story of Labor Specialization Is a Bit More Complicated

Michelle Jackson
The following is an excerpt from “The Division of Rationalized Labor” by Michelle Jackson, now out at Harvard University Press. 
Antitrust and Competition

States Are Reshaping the Noncompete Landscape Even as a Federal Ban Disappears

Norman Bishara
In new research, Norman Bishara and Lorenzo Luisetto analyze the nature and proliferation of state legislative activity to regulate noncompete agreements since 2009. In the absence of a federal rule, these developments represent a promising step toward curbing the abuse of noncompete agreements.
Labor

Accounting for City Size, Minimum Wages Reduce Jobs Almost Everywhere

Priyaranjan Jha
In new research, Priyaranjan Jha, Jyotsana Kala, David Neumark, and Antonio Rodriguez-Lopez find that studies arguing higher minimum wages have no employment effect—or even a positive effect—in many labor markets fail to account for how much less minimum wages matter in larger, higher-wage cities.
Antitrust and Competition

How Much Harm Can Wage-Fixing Cartels Do?

Axel Gottfries
In new research, Axel Gottfries and Gregor Jarosch develop a model to understand how wage-fixing cartels operate and show how to gauge the harm they cause to workers.
Antitrust and Competition

European Labor Antitrust Has Reached a Defining Moment. How Far Will It Go?

Jan Broulík
Jan Broulík writes that the interest and willingness of European competition authorities and courts to intervene in markets to protect labor has made critical strides over the last few months. However, it still has a ways to go to even catch up with its American counterpart.
Book Excerpts

Why Blue Collars Went Red

Joan Williams
The following is an excerpt from Joan Williams' new book, “Outclassed: How the Left Lost the Working Class and How to Win Them Back,” now out at St. Martin's Press.
Antitrust and Competition

How Private Equity Hurts the Healthcare Workforce

Theodosia Stavroulaki
Theodosia Stavroulaki reviews how the involvement of private equity in American healthcare leads to, among other negative outcomes, burnout and stress among healthcare workers, particularly physicians. She writes that the consequences could cripple America’s healthcare system.
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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.