Strategic Wage Concealment and Labor Market Power

More than 83-percent of online job advertisements posted between 2010 and 2022 exclude information on wages, yet most research focuses on the minority of ads with posted wages. At the same time, most firms operate in highly concentrated labor markets. Economists Matthew Knepper, Ian Schmutte, and Leonard Goff will examine the relationship between labor market concentration and the percentage of job postings that omit information on wages. They will analyze data from 107 million job advertisements and will conduct a series of natural experiments for their study.