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The dramatic stock market crash of March 2020 was preceded by a prolonged rise in Tobin's Q and a productivity slowdown. Do longer stock market booms and sharper corrections reflect structural changes in the US economy? We address this question about Q by estimating an endogenous growth model...
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income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …
Persistent link: https://www.econbiz.de/10012858792
income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …
Persistent link: https://www.econbiz.de/10012859683
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income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …
Persistent link: https://www.econbiz.de/10012480391
, implying that the poor choose a higher housing expenditure share, being compatible with Schwabe's Law of Rent. We examine at … at dampening the growth of housing costs. Abolishing zoning regulations triggers a slower rent growth and reduces wealth …
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