David, Joel Michael; Rancière, Romain; Zeke, David - 2023
reallocation of labor towards riskier/low labor share firms alongside a rise in within-firm labor shares, matching key micro … reallocation towards risky/low labor share firms. Our estimates suggest the reallocation effect has dominated the within effect in … recent decades; on net, increased financial integration has reduced the corporate labor share in the U.S. by about 2 …