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Data for labor market concentration using Lightcast (formerly Burning Glass Technologies).
1School of Labor and Employment Relations, University of Illinois, Urbana-Champaign, 504 E. Armory Avenue, Champaign, IL 61820, United States.
Data in Brief
|August 8, 2024
Summary
This dataset quantifies labor market concentration using the Herfindahl-Hirschman Index (HHI) from job vacancy data. It enables research into employer market power and its effects on labor and social outcomes.
Area of Science:
- Economics
- Labor Economics
- Data Science
Background:
- Labor market concentration is a key determinant of employer market power.
- Understanding employer market power is crucial for analyzing labor market dynamics and social outcomes.
- Existing research on labor monopsony power necessitates comprehensive data on market concentration.
Purpose of the Study:
- To introduce and describe a novel dataset on labor market concentration.
- To provide researchers with granular data for investigating the impact of employer market power.
- To facilitate studies on the relationship between labor market concentration and various outcomes.
Main Methods:
- Utilized job vacancy data from Lightcast spanning 2007Q1 to 2021Q2.
- Calculated the Herfindahl-Hirschman Index (HHI) to measure labor market concentration.
- Defined labor markets by occupation (six-digit SOC), commuting zone, and quarter.
Main Results:
- The dataset provides lower and higher bound HHI estimates for defined labor markets.
- Data includes year-quarter, six-digit SOC, commuting zone, and HHI bounds.
- The dataset covers the period from 2007Q1 to 2021Q2, excluding 2008 and 2009.
Conclusions:
- This labor market concentration dataset offers valuable resources for economic research.
- Researchers can leverage this data to explore the implications of employer market power.
- The dataset supports diverse investigations into labor and social phenomena.
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