Open AccessPosted Content
The Fall of the Labor Share and the Rise of Superstar Firms
TLDR
In this paper, the authors analyzed micro panel data from the U.S. Economic Census since 1982 and international sources and document empirical patterns to assess a new interpretation of the fall in the labor share based on the rise of "superstar firms."Citations
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Level, distribution and long-term development of market power in Finland
TL;DR: In this article, the authors examined the level, distribution and development of market power in Finland between 1975 and 2016, and found that the aggregate level of power has not risen in Finland during the last decades.
Journal ArticleDOI
The Revolution in Antitrust: An Assessment:
Dennis W. Carlton,Ken Heyer +1 more
TL;DR: In this paper, the authors evaluate the impact of the revolution that has occurred in antitrust and in particular the growing role played by economic analysis, and describe exactly what they think about this revolution.
Journal ArticleDOI
Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms
TL;DR: This article showed that a one standard deviation contractionary monetary policy shock decreases firms' labor share by 0.4 percent, on average, in the basic New Keynesian model and provided firm-level evidence to validate this proposition.
Book ChapterDOI
Money for Nothin’: Digitalization and Fluid Tax Bases
Mårten Blix,Emil Bustos +1 more
TL;DR: In this article, the authors analyse the conditions for tax reform and conclude that a new comprehensive tax reform is urgent to ensure that the EU and its member states get money for somethin'.
Dissertation
Modeling IPP capital and its effect on the labor share
TL;DR: In this article, the authors investigate the effects of IPP capital in the evolution of the labor share for five European countries using post-revision national accounts data, and construct a benchmark labor share with the contribution of both traditional and IPP.
References
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About Capital in the Twenty-First Century
TL;DR: In this article, the authors present three key facts about income and wealth inequality in the long run emerging from my book, Capital in the Twenty-First Century, and seek to sharpen and refocus the discussion about those trends.
Journal ArticleDOI
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
TL;DR: This paper analyzed the effect of Chinese import competition between 1990 and 2007 on US local labor markets, exploiting cross-market variation in import exposure stemming from initial diffe cerence to US labor markets.
Journal ArticleDOI
Industry Structure, Market Rivalry, and Public Policy
TL;DR: In this article, the authors take a critical view of contemporary doctrine in this area and present data which suggest that this doctrine offers a dangerous base upon which to build a public policy toward business.
Posted Content
Market Size, Trade, and Productivity
TL;DR: In this article, the authors develop a monopolistically competitive model of trade with firm heterogeneity in terms of productivity differences and endogenous differences in the "toughness" of competition across markets.
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Computing Inequality: Have Computers Changed the Labor Market?
TL;DR: The authors examined the effect of technological change and other factors on the relative demand for workers with different education levels and on the recent growth of U.S. educational wage differentials and found that the increase in demand shifts for more-skilled workers in the 1970s and 1980s relative to the 1960s is entirely accounted for by an increase in within- industry changes in skill utilization rather than between-industry employment shifts.