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The Fall of the Labor Share and the Rise of Superstar Firms
Autor, David H. - 2017
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10012956029
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Weight Gains from Trade in Foods : Evidence from Mexico
Giuntella, Osea - 2019
food imports from the U.S. with anthropometric and food expenditure data. Our findings suggest that exposure to food … 2012. Pro-obesity effects are driven by areas more exposed to unhealthy food imports. We also find evidence in favour of a …
Persistent link: https://www.econbiz.de/10012861274
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Slow Traffic, Fast Food : The Effects of Time Lost on Food Store Choice
B, Panka; Lusher, Lester; Taylor, Rebecca - 2023
Time scarcity is one of the strongest correlates of fast food consumption. To estimate the causal effect of time lost … on food choice, we match daily store-specific foot traffic data traced via smartphones to plausibly exogenous shocks in … results imply a net reduction in healthy food store choice due to time lost …
Persistent link: https://www.econbiz.de/10014358838
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Employment Concentration and Resource Allocation : One-Company Towns in Russia
Commander, Simon John - 2011
lower marginal product of labour, higher marginal product of capital and lower overall productivity pointing towards …
Persistent link: https://www.econbiz.de/10013119286
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Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10012963787
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Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory
Hatgioannides, John - 2012
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10013112775
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The Effects of Local Market Concentration and International Competition on Firm Productivity : Evidence from Mexico
Rodríguez-Castelán, Carlos - 2020
Although market concentration is one of the main impediments to productivity growth globally, data constraints have … the effects of local industry concentration on productivity.The main results show that a decline by 10 points in the … factor productivity of revenue. Local industry concentration also has heterogeneous effects on productivity across industries …
Persistent link: https://www.econbiz.de/10012836579
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Wage Mobility in Israel : The Effect of Sectoral Concentration
Cardoso, Ana Rute - 2006
Using a unique eight-year data set, merging population census and national insurance data, the paper examines and compares patterns of wage mobility in Israel. First, the public and the private sectors are compared. Second, within each of these sectors, a distinction is made between sub-sector...
Persistent link: https://www.econbiz.de/10012779228
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Labor-Market Concentration and Labor Compensation
Qiu, Yue - 2019
This paper estimates the effect of labor-market concentration on labor compensation across the U.S. private sector since 2000. We distinguish between concentration in local labor markets versus local product markets, guarding against bias from confounded product-market concentration. Analysis...
Persistent link: https://www.econbiz.de/10012894053
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2019
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the relative distribution of consumption and corporate equity...
Persistent link: https://www.econbiz.de/10012894540