Ioana Marinescu studies the labor market to craft policies to enhance employment, productivity, and economic security. Her research expertise includes online job search, workforce development, unemployment insurance, the universal basic income, and employment contracts and has been published in leading academic journals like Journal of Labor Economics and the Journal of Public Economics. She is the leading economist at Data@Work Research Hub, a workforce data gathering and sharing project funded by the Sloan Foundation. Dr. Marinescu writes a monthly op-ed for the French newspaper Liberation, and a monthly blog post on hiring and management tips backed by research at CareeBuilder.com . Additionally, Dr. Marinescu is a faculty research fellow at the National Bureau of Economic Research .
- evaluation of the labor market impact of public policies, e.g. unemployment insurance
- online job search, search and matching in the labor market
- unconditional cash transfers, the universal basic income
- technology and structural changes in the labor market
- education to work transitions
The Other Side of a Merger: Labor Market Power, Wage Suppression, and Finding Recourse in Antitrust LawLabor market concentration can worsen after a merger takes place, and this heightened concentration can negatively affect wages. The focus of antitrust analysis, however, has been on the prices of consumer products, not the wages of laborers. New research indicates that, on average, labor markets are highly concentrated, and that higher concentration is associated with significantly lower posted wages for new jobs. This brief uses existing economic tools to develop a model for evaluating labor market concentration and its effects, to determine if a merger will run the risk of anticompetitively suppressing wages, employment, and output. Regulators can use this model to apply antitrust principles to labor markets, as a basis for antitrust enforcement.
Other Policy Related Activities
- Federal Reserve Bank of Chicago, October 13 2016.
- Bureau of Labor Statistics, April 7 2015.
- White House Hosts Roundtable on Leveraging Data as a Strategic Asset, May 23 2018.
Recent News Stories
Professor Marinescu was invited to attend the roundtable on Leveraging Data as a Strategic Asset, co-hosted by the Office of Management and Budget (OMB) and the Center for Open Data Enterprise. Leveraging Data as a Strategic Asset is a new and exciting Cross-Agency Priority Goal of the President’s Management Agenda.