Azar, José; Qiu, Yue; Sojourner, Aaron - 2022
employee earnings in U.S. local labor markets. Between 1999 and 2017, common ownership in local labor markets has more than … doubled. Panel regressions show that employee earnings in a local labor market are negatively associated with common ownership …&P 500 index, the average annual earnings per employee of its local competitors decreases relative to the counterfactual. The …