We study the joint impact of three measurement issues in the empirical literature on the labor share: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. When we correct for these three potential...

We study a model where firms accumulate data as a valuable intangible asset. Data accumulation affects firms' dynamics. It increases the skewness of the firm size distribution as large firms generate more data and invest more in active experimentation. On the other hand, small data-savvy firms...

A conventional wisdom holds that competition for broadband and wireless services has declined in the United States over the past 20 years. This note provides an updated comparison of the US with other rich countries, focusing on prices, speed, and investment. Contrary to some recent...