This paper uses millions of records from a cross-country and time series database of both publicly listed and private companies to disentangle the role of technological change, market power, and globalization in driving a fall in the labor share. Labor shares are measured at the enterprise level...

This paper uses the concept of ‘growth regimes’ to revisit the study of the determinants of the declining labour share in advanced economies. We examine a panel of OECD countries with aggregate and industry level data and explore the effects of technological progress on the labour income...

We develop a structural framework that allows us to quantify the evolution of aggregate bilateral trade costs and markups over time. With minimal assumptions, we can disentangle aggregate markup and trade cost changes from observed changes in trade flows. We apply our method to trade data...