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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The Profit–Investment Nexus in an Era of Financialisation, Globalisation and Monopolisation: A Profit-Centred Perspective
Cédric Durand,Maxime Gueuder +1 more
TL;DR: In this article, the attenuation of the profit-investment relationship in the largest high-income economies is explored, and the link between profits and domestic investment has been shown to be attenuated.
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The power of prediction: predictive analytics, workplace complements, and business performance
TL;DR: The authors found that the productivity pay-off only occurs when predictive analytics are combined with at least one of three workplace complements: significant accumulation of IT capital, educated workers, or workplaces designed for high flow-efficiency production.
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Understanding the decline in the U.S. labor share: Evidence from occupational tasks
TL;DR: In this paper, the authors provide empirical evidence linking the decline in the labor share to the replacement of higher skill occupations with substantial routine task content and estimate the effects of increased import competition on labor share decline and how this relates to replacement of occupational tasks.
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Declining business dynamism in Belgium
TL;DR: In this paper, the authors used 30 years of data from all for-profit firms incorporated in Belgium to show that business dynamism and entrepreneurship have been declining over recent decades, indicating that global trends rather than country-specific changes are at the basis of this evolution.
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Conceptual Aspects of Global Value Chains
TL;DR: In this article, the authors outline a series of alternative interpretations and definitions of what the rise of global value chains entails and trace the implications of these alternative conceptualizations for the measurement of the phenomenon, as well as for elucidating the key determinants and implications of GVC participation, both at the country level and at the firm level.
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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.
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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.
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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.
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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.