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
More filters
Report SeriesDOI
Economic Properties of Data and the Monopolistic Tendencies of Data Economy: Policies to Limit an Orwellian Possibility
TL;DR: In this article, the authors discuss key data properties and dynamics in data economy that create the tendencies for monopolies to emerge, reinforcing unbalanced power between corporates and other actors and generating negative distributional implications.
Leveraging the Digital Transformation for Development: A Global South Strategy for the Data-driven Economy
Dan Ciuriak,Maria Ptashkina +1 more
TL;DR: The digital transformation provides developing economies new opportunities to leapfrog industrial age infrastructure, to draw on the vast knowledge spillovers from the internet, to take advantage of new markets enabled offered by digital platforms, and to exploit production possibilities enabled by digital technologies as discussed by the authors.
Journal ArticleDOI
Wealth Inequality in the Long Run: A Schumpeterian Growth Perspective
TL;DR: In this article, the authors extend the analysis of the wealth-income ratio used as a proxy for wealth inequality to allow for innovation and show that the net effect of R&D on wealth inequality is positive.
Journal ArticleDOI
Business Concentration Data for Germany
Journal ArticleDOI
Winning Big: Scale and Success in Retail Entrepreneurship
Brett Hollenbeck,Renato Giroldo +1 more
TL;DR: In this article, the authors show that entrepreneurs who are randomly allocated more store licenses ultimately earn substantially higher per store profits than do single-store firms, suggesting that the returns to scale in the mom-and-pop retail sector are quite large.
References
More filters
Posted Content
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.
Posted Content
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.