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Díez, Federico J.; Fan, Jiayue; Villegas-Sánchez, Carolina - 2019

Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup...

Persistent link: https://www.econbiz.de/10012019850

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism-a drive...

Persistent link: https://www.econbiz.de/10012517949

Market power and monetary policy transmission

Duval, Romain; Furceri, Davide; Lee, Raphael; Mendes … - 2021

We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm's markup on its response to a monetary policy shock...

Persistent link: https://www.econbiz.de/10012605640

International trade and corporate market power

Gonzalez-Garcia, Jesus; Yang, Yuanchen - 2020

This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...

Persistent link: https://www.econbiz.de/10012299347

Rightsizing Brazil's public-sector wage bill

Karpowicz, Izabela; Soto, Mauricio - 2018

wage, and align public sector compensation to private wages in low-skilled professions …

Persistent link: https://www.econbiz.de/10011932408

Financial Liberalization, Bank Market Structure, and Financial Deepening : An Interest Margin Analysis

Sarr, Abdourahmane - 2000

The paper shows that commercial banks’ ability to lower deposit interest rates (market power) can increase deposit mobilization. Interest expenses saved can subsidize and lower fees on checking and branching services and thus help attract deposits. United States data illustrates the financial...

Persistent link: https://www.econbiz.de/10014399825

The Size Distribution of Firms, Cournot, and Optimal Taxation

Gersovitz, Mark - 2006

Tax laws and administrations often treat different size firms differently. There is, however, little research on the consequences. As modeled here, oligopolists with different efficiencies determine the size distribution of firms. A government that maximizes a weighted sum of consumer surplus,...

Persistent link: https://www.econbiz.de/10014400189

Technological Change, Relative Wages, and Unemployment

Aizenman, Joshua - 1994

This paper examines the effect of skill-biased technological change on the structure of wages, the composition of …

Persistent link: https://www.econbiz.de/10014397189

Quantifying the Impact of Tradeon Wages : The Role of Nontraded Goods

Tokarick, Stephen - 2002

-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade … widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the … presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that …

Persistent link: https://www.econbiz.de/10014399550

Wage Flexibility and Economic Performance : Evidence Across Industrial Countries

Kandil, Magda E. - 2000

aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without …

Persistent link: https://www.econbiz.de/10014399867

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