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The superstar firms model provides a compelling explanation for two simultaneously occurring phenomena: the rise of concentration in industries and the fall of labor shares. Our empirical analysis confirms two of the underlying assumptions of the model: the market share increases and the labor...
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Chapter 1: Introduction -- Part 1 Structural Change and Inequalities -- Chapter 2: “Structural Change, Service Sector Features, and Aggregate Elasticity of Substitution” Yasuyuki Osumi -- Chapter 3: “Structural Change and Evolution of Top Wealth: American Forbes 400 lists, 1990 – 2020”...
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