Guy  Djolaud

JOB MARKET PAPER

Labour Market Power and Recession 

Abstract

This paper examines how the Great Recession reshaped labour market power in Canada, with a comparative perspective on the United States. Using a theoretical model, we link labour market concentration to employers' power across different market levels. First, administrative data reveal a 12% increase in labour market concentration in Canada during the recession, driven primarily by within-province changes in the finance and manufacturing sectors. In contrast to the U.S., where "superstar firms" drove national divergence, Canada experienced simultaneous increases in national and local concentration. Policy interventions, such as the Insured Mortgage Purchase Program, facilitated a more equitable recovery.

Secondly, we calibrate model parameters and employ a reduced-form framework to quantify the relationship between labour market concentration, monopsony power. These findings underscore the importance of addressing labour market concentration to mitigate monopsony power and enhance resilience during economic downturns.

WORKING PAPER

Immigration, Labor Dynamics, and Fiscal Sustainability , with Fatim Diabagaté (Quebec Ministry of Employment and Social Solidarity)

Import Penetration of Low Quality Products : Markups Implications 

{French}Thesis : Modèle Espace Etat : Estimation Bayésienne du NAIRU américain 

WORK IN PROGRESS

Labour Market Concentration and Immigration Status with (Yaya Diallo, World Bank Group )
Central Bank Digital Currency and Wealth Inequality in Developing Economies 

POLICY ARTICLES

{World Bank Group (IBRD)} Pages 209-216 of Country Climate Diagnostic Report (CCDR) Cote d’Ivoire (co-author Kanta Kumari Rigaud) 

{World Bank Group (IFC)} IFC-white Paper-Banking on Women Who Trade Across Borders