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We use matched employer-employee data together with data on the ownership networks of Chilean firms to document a novel … relationship between inequality in labor income and ownership structures. Exploiting transitions of firms in and out of networks … ownership structures and the distribution of labor income in the economy. …
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ownership is not to enable those who own, but to disable those who do not. It is only through the threat of prevention – or …
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Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
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