"This is a fine book, revealing a breadth of scholarship and
vision. It pulls many threads together in labour economics to offer
a thought-provoking re-evaluation of how labour economists approach
many topics, including market power, wage distributions and wage
equations, and the economics of education and training. As such it
should appear on the syllabi of graduate labour economics
programmes."--Richard Disney, Nottingham University
"The best way to appreciate the value of this book is to go to
its first table. There, the author provides an overview of what
textbooks in labor economics have to say about monopsony and
imperfect competition--not all that much. In that light, Alan
Manning's book fills a real gap in the discipline. The book shows
that the monopsony model provides a simple alternative explanation
for a number of well-known stylized facts of labor markets."--Coen
N. Teulings, General Director, Tinbergen Institute, Amsterdam
"[This book] is bound to propel the idea that labor markets are
imperfectly competitive into a new orbit. Students and scholars
will benefit from Alan Manning's clear presentation and
dispassionate analysis for years to come."--Alan Krueger, Princeton
University
"Alan Manning's book fills a real gap in the discipline. The
book shows that the monopsony model provides a simple alternative
explanation for a number of well-known stylized facts of labor
markets."--Coen N. Teulings, General Director, Tinbergen Institute,
Amsterdam
"This book pushes a conservative field as hard as possible to
adopt a more open attitude toward imperfect competition in the
labor market. By leading creative younger scholars to think
'outside the box', it could wellbecome a classic. Carefully
organized and well written, it includes an impressive amount of new
empirical material on many different aspects of the labor market.
Manning has devoted considerable thought to the question of what
imperfect competition means for real-world behavior."--David Card,
University of California, Berkeley, coauthor of "Myth and
Measurement"
"This is a splendid book. The careful mix of theoretical
background and new ways to interpret the empirical evidence
provides a unique treatment of the working of the labour market
that departs from most other textbooks guided by the competitive
paradigm."--Juan J. Dolado, Universidad Carlos III de Madrid,
Co-Director of the "CEPR Labour Economics Programme"
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