In March 2018 we published the first version of this note describing some of the characteristics of monopsony, a phenomenon increasingly present in the labor markets of Latin America and the Caribbean. Six years later, we decided to update this blog with new references and recent data that account for a major market failure and may be one of the causes of persistent low labor … [Read more...] about What Is Monopsony and How Does It Affect the Labor Market?
David Kaplan
David Kaplan is a Senior Specialist in the Social Protection and Labor Markets Division of the Inter-American Development Bank (IDB). Before joining the IDB, David was a research economist at the U.S. Bureau of Labor Statistics, an Assistant Professor of Economics at the Mexico Institute of Technology, and a private sector development specialist at the World Bank. He is an expert in labor markets in developing countries, particularly in the areas of labor regulation and social security. David has published research articles in journals such as the Journal of Economic Perspectives, the Journal of Development Economics, and the Review of Economics and Statistics. He received a Ph.D. in Economics from Cornell University in 1998.
Bridging the Gap: Expanding Social Security for All Workers
“The real complaint of the worker is the insecurity of his existence. He is not sure he will always have a job, he is not sure he will always be healthy, and he foresees that one day he will be old and unable to work.” Although these words sound like they were written for today, they were penned over a century ago by Otto von Bismarck, the German chancellor known … [Read more...] about Bridging the Gap: Expanding Social Security for All Workers