Seminar Labor Market Power, Self-Employment, and Development Departmental Seminar Add to calendar 2024-10-07 11:00 2024-10-07 12:15 Europe/Rome Labor Market Power, Self-Employment, and Development Seminar Room 3rd Floor Villa La Fonte YYYY-MM-DD Print Share: Share on Facebook Share on BlueSky Share on X Share on LinkedIn Send by email Scheduled dates Oct 07 2024 11:00 - 12:15 CEST Seminar Room 3rd Floor, Villa La Fonte Organised by Department of Economics In this seminar, Francesco Amodio (McGill University) will present the paper 'Labor Market Power, Self-Employment, and Development.' This paper shows that self-employment shapes labor market power in low-income countries, affecting industrial development. Using Peruvian data, we show that wage-setting power increases with concentration, but less so where self-employment is more prevalent. A general equilibrium model shows that while concentration increases oligopsony power, it also raises labor supply elasticity by pushing workers into self-employment, thereby mitigating labor market power. Conversely, pro-competitive policies that draw workers into salaried jobs may increase labor market power, with limited overall impact. We demonstrate that these policies are only effective if they tackle labor market power.