income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …

income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …

income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …

, 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 …