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Labor Market Power, Self-Employment, and Development

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Self-employment diminishes employers' wage-setting power in low-income countries, impacting industrial development.
Wage-setting power increases with employer concentration, but self-employment lessens this effect in Peru.
General equilibrium modeling indicates that procompetitive policies may inadvertently boost labor market power when aimed at reducing self-employment.
Procompetitive measures, intended to promote wage employment, could counteract efforts to reduce employer market power.

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Analysis reveals self-employment decreases wage-setting power in oligopsonistic markets, suggesting implications for industrial development.

Amodio et al. (2025) studied this question.

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Analysis reveals self-employment decreases wage-setting power in oligopsonistic markets, suggesting implications for industrial development.