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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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Flexible Production and Entry: Institutional, Technological, and Organizational Determinants
TL;DR: In this article, the authors discuss the implications of human workers being replaced by machines or software and the reverse: human workers are replaced by robots or software, while the reverse is not discussed.
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The Long-Run Dynamics of the Labor Share in Japan
Kyoji Fukao,Cristiano Perugini +1 more
TL;DR: In this article, the authors investigated the long-term drivers of the share of output accruing to labor in Japan and found that low-knowledge intensive market services were mainly responsible for the decline in the labor share in Japan over the four decades considered.
Systemic thinking for policy making
TL;DR: The system approach can promote cross-sectoral, multidisciplinary collaboration in the process of policy formulation by taking proper account of the crucial linkages between issues generally treated separately within different specialisations and scientific and institutional “silos" as discussed by the authors.
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Artificial intelligence: neither Utopian nor apocalyptic impacts soon
TL;DR: It is concluded that despite the media hype neither massive jobs losses nor a ‘Singularity’ is imminent because current AI, based on deep learning, is expensive and difficult for most businesses to adopt, not only displaces but in fact also create jobs, and may not be the route to a super-intelligence.
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Concentration in Product Markets
TL;DR: In this article, the authors used new data to reexamine trends in concentration in U.S. markets from 1994 to 2019, and they found that 42.2% of the industries in their sample are highly concentrated.
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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.