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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Bounded learning by doing, inequality, and multi-sector growth: A middle-class perspective
TL;DR: A multi-sector model of middle-class-led economic growth is developed, whereby learning by doing interacts with scale economies and nonhomothetic preferences giving rise to endogenous growth, and the "middle class" label is an endogenous outcome of the model, depending on past economic growth.
Journal ArticleDOI
Exploring New Sources of Economic Growth Amid The Covid-19 Pandemic
TL;DR: In this article, the authors explored the potential sources of new economic growth in Makassar City which is seen from sectoral contributions, namely the education sector, tourism sector, industrial sector, and trade sector.
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Does the Potential to Merge Reduce Competition
TL;DR: In this article, the authors study mergers in a duopoly with differentiated products and noisy observations of firms' actions and derive a number of novel results, including that firms select dynamically optimal actions that are not static best responses and that merger incentives arise endogenously when firms sufficiently deviate from their collusive actions.
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The Politics of Energy and Climate Change in Japan under the Abe Government
Trevor Incerti,Phillip Y. Lipscy +1 more
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Reexamining the De Loecker & Warzynski (2012) Method for Estimating Markups
TL;DR: The authors show that consistently estimating the output elasticity and the disturbance using the procedure developed in Olley & Pakes (1996) and Levinsohn & Petrin (2003) generally requires observing and controlling for the markup.
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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.
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.
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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.