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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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The Effects of Entry when Monopolistic Competition and Oligopoly Coexist
TL;DR: In this paper, the authors propose a model of a continuum of industries in which some industries are monopolistically competitive, the others are oligopolistic, and they interact in a labor market.
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Automation, Partial and Full
TL;DR: In this paper, a two-level nested CES production function specification is used to show that the shift from partial to full automation generates anonconvexity: humans and machines switch from complementary to substitutable, and the share of output accruing to human workers switches from an upward to a downward trend.
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The Spanish Labour Market at the Crossroads: COVID-19 Meets the Megatrends
TL;DR: This article reviewed the experience so far of the Spanish labour market during the Covid-19 crisis in the light of current institutions, past performance during recessions, and the policy measures adopted during the pandemic.
Inclusive Innovation and Entrepreneurship in the New Digital Era
TL;DR: In this paper, the authors argue that new digital business models, that capture value differently and share the wealth created more broadly, will be a necessary part of addressing technology-based inequality, which will allow novel, alternative value models to emerge, and be given a chance to compete and succeed.
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The labor share in the service economy
TL;DR: In fact, there has been a divergence between services and non-services industries in the United States since 1980 as discussed by the authors, and this is not a general phenomenon across industries across industries.
References
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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.