Thank you for doing this! Striking # and map. Does "commuting zone" have a range for miles? I didn't see on the USDA site.
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Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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This is a very interesting paper! However, aren't you worried about using CZ's for defining geography of all labor markets? Certainly some occupations are local and others are not. Economists for example compete for academic positions at a national level.
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Similarly, aren't worried 6-digit SOC's define labor markets too narrowly? When I was on job market, I applied for positions in two occupations. Economic Professor (SOC: 25-1063) and non-academic Economist (SOC: 19-3011).
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Quite misleading research. Issue is not 54% of labor markets, but what share of workers live in these (much lower). Also, issue is not firm concentration but establishment. Many "concentrated" occupations recruit beyond local labor market. etc..
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The share of highly concentrated markets matters for
#antitrust merger reviews because a challenger only needs to identify one market where anticompetitive effects are likely to occur: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3124483 …. - Näytä vastaukset
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I think in most cases it probably is a single firm...not necessarily all though.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Right, they need to be updated to changed technology, but antitrust is only a first step in labor markets.
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Yes. I think what we're finding suggests that labor market power is so pervasive that only a very radical antitrust policy coud deal with it. Otherwise there needs to be other policies to increase the bargaining power of workers across the board, like co-determination.
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