RFBerlin Podcast Series
Welcome to the RFBerlin Podcast Series presented by the ROCKWOOL Foundation Berlin. This series is dedicated to disseminating cutting-edge research on the economy, society and the welfare state to members of the academic community and beyond.
In each episode of the RFBerlin Podcast series, we invite leading scholars and experts to discuss the key challenges facing labour markets and wage earners across the globe. Join us to hear these experts discuss recent economic trends, new technologies, outsourcing, migration and what governments can do to mitigate instability and more.
Our podcast brings you up to date on the latest empirical research without any complicated mathematical formulas or data sets. Whether at home, at the office or on the road, we look forward to welcoming you wherever you choose to listen!
RFBerlin Podcast Series
5. Handbook Talk with Patrick Kline: What are the consequences of monopsony for the labour market?
In this podcast episode dedicated to the new edition of the Handbook of Labor Economics, Tim Phillips speaks with Patrick Kline, Professor of Economics at UC Berkeley, about monopsony in the labor market.
Unlike monopoly, where a single supplier dominates, monopsony occurs when a single buyer—in this case, an employer—has significant power to set wages.
Prof. Kline discusses recent research on the prevalence of monopsony and the role of policy and regulation in addressing monopsony power. He emphasizes the need for rigorous understanding and innovative policy solutions to tackle this issue effectively.
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