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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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Granular Comparative Advantage
Cecile Gaubert,Oleg Itskhoki +1 more
TL;DR: In this paper, a multisector granular model of trade where sectors host a finite number of firms is developed, and both aggregate and granular firm-level forces are considered.
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Labor Market Concentration, Earnings Inequality, and Earnings Mobility
TL;DR: In this article, the effects of local industrial concentration on earnings outcomes within and across demographic groups were investigated using data from the Longitudinal Business Database and Form W-2, and they found that increased local concentration reduces earnings and increases inequality.
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Productivity and Pay: Is the link broken?
TL;DR: This article found substantial evidence of linkage between productivity and compensation: over 1973-2016, one percentage point higher productivity growth has been associated with 0.7 to 1 percentage points higher median and average compensation growth and with a 0.4 to 0.6 percentage point increase in production/nonsupervisory compensation growth.
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From Population Growth to Firm Demographics: Implications for Concentration, Entrepreneurship and the Labor Share
TL;DR: This paper showed that changes in population growth provide a unified quantitative explanation for the long-term changes in the US economy, and that an aging firm distribution fully explains the concentration of employment in large firms and trends in average firm size and exit rates.
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Mergers and Acquisitions, Local Labor Market Concentration, and Worker Outcomes
TL;DR: In this paper, the direct and indirect effects of mergers and acquisitions and resulting local labor market concentration changes on worker outcomes are estimated using matched employer-employee data from the U.S. using matched difference-in-differences design and cross-sectional variation in the predicted impacts of M&As on local concentration.
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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.