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Antitrust Enforcement in Labor Markets

[Symposium: Competition in Labor Markets]

By Elena Prager

Journal of Economic Perspectives, Winter 2026

Until recently, antitrust laws were rarely enforced in labor markets. Although the existence of labor market power has long been recognized, evidence only recently emerged that such market power regularly arises from sources that are actionable under anti...

From Asia, with Skills

[Symposium: Asian Americans]

By Gaurav Khanna

Journal of Economic Perspectives, Winter 2026

This paper examines the rise of high-skill migration from Asia to the United States since 1990 and its consequences for sending and receiving economies. Over 1990–2019, migrants from India, China, South Korea, Japan, and the Philippines accounted for ov...

Labor Market Power: From Micro Evidence to Macro Consequences

[Symposium: Competition in Labor Markets]

By David Berger, Kyle Herkenhoff, and Simon Mongey

Journal of Economic Perspectives, Winter 2026

The traditional theoretical and empirical "micro approach" to studying labor market power (or monopsony) requires that firms are small and atomistic. This is at odds with the reality of labor markets in which monopsony potentially matters most. Empiricall...

The Economics of Noncompete Clauses

[Symposium: Competition in Labor Markets]

By Evan Starr

Journal of Economic Perspectives, Winter 2026

For over 600 years, debates over noncompete clauses have centered on whether they function as efficient contracting tools or anticompetitive restraints on workers. This article reassesses that debate in light of recent policy attention and new empirical a...

Occupational Licensing in the United States

[Symposium: Competition in Labor Markets]

By Janna E. Johnson

Journal of Economic Perspectives, Winter 2026

Occupational licensing—the requirement that individuals attain a license to legally perform a specific job—is now necessary for over a fifth of the US workforce. The policy is intended to protect consumers by ensuring members of licensed occupations m...

The Effect of Low-Skill Immigration Restrictions On U.S. Firms and Workers: Evidence from a Randomized Lottery

By Michael A. Clemens and Ethan G. Lewis

American Economic Journal: Applied Economics

U.S. firms hiring foreign workers in low-skill nonfarm jobs face a binding quota on the ‘H- 2B’ visa, allocated in part through a randomized lottery. We evaluate the quota’s marginal impact using the lottery, a novel firm survey, and a pre-analysi...