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The Rise of Superstar Firms and the Fall of the Labor Share


Fall of the Labor Share and the Rise of Superstar Firms

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain.

The Fall of the Labor Share and the Rise of Superstar Firms

The superstar firm framework implies that the reallocation of economic activity among firms with differing heterogeneous productivity and labor shares is key to.

The Fall of the Labor Share and the Rise of Superstar Firms

We next turn to concentration in the product market, which in the superstar firm model should be connected with the decline in the labor share. We measure ...

The Fall of the Labor Share and the Rise of Superstar Firms

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain…

The Fall of the Labor Share and the Rise of Superstar Firms | NBER

Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms.

The fall of the labor share and the rise of superstar firms

The fall in the labor share will be driven largely by reallocation rather than a fall in the unweighted mean labor share across all firms.

The Rise of Superstar Firms and the Fall of the Labor Share (David ...

The “labor share” of GDP has fallen since 2000. Is this another sign that the robots are going to rule our economy?

The Rise of Superstar Firms: Causes and Consequences

─ Implies a fall in labor share of 7.2 pp. ─ Actual fall was only about half this, 3.5 pp. ΔS = Δ ෍. i. 𝜔i. 𝛼i. 𝜇i. 𝜓i. ΔS = 𝛼. 𝜓. Δ ...

The rise of superstar firms | UBS Center

Over the past 30 years, labor's share of GDP in industrialized countries has fallen. This means that a declining fraction of aggregate income is going to ...

The Fall of the Labor Share and the Rise of Superstar Firms

The Fall of the Labor Share and the Rise of Superstar Firms. Lawrence Katz, May 2017, Opinion, "The fall of labor's share of GDP in the United States and ...

The Fall of the Labor Share and the Rise of Superstar FirmsThis is ...

Third, the increase in market toughness will increase individual firms' labor shares as markups fall, a within-firm effect. The net effect of an increase in ...

The Rise of Superstar Firms and the Fall of the Labor Share

The “labor share” of GDP has fallen since 2000. Is this another sign that the robots are going to rule our economy? David Autor, an economics professor at ...

The Fall of the Labor Share and the Rise of Superstar Firms

Central to our empirical analysis, this superstar firm framework implies that the reallocation of economic activity among firms with differing heterogenous ...

The Rise of Superstar Firms - YouTube

The Rise of Superstar Firms. 4.8K views · 5 years ago ... The Rise of Superstar Firms and the Fall of the Labor Share (David Autor, MIT).

[PDF] The Fall of the Labor Share and the Rise of Superstar Firms

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain.

Concentrating on the Fall of the Labor Share - MIT Economics

larger decline in labor's share. I. Model. To see the intuition for a link between the rise of superstar firms and a decline in the labor share, consider a ...

The Fall of the Labor Share and the Rise of Superstar Firms

Abstract. The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes ...

The Fall of the Labor Share and the Rise of Superstar Firms - EconStor

As the importance of superstar firms increases, the aggregate labor share will tend to fall. Our hypothesis offers several testable predictions: industry sales ...

Superstar Firms and the Falling Labor Share

Until the 1980s this was broadly true — labor consistently received about two-thirds of GDP. Since then, however, there has been a marked decline in the labor ...

Rise of superstar firms and fall of the price mechanism

Some existing works focus on the impact of these firms on labor share (for example, Autor et al. 2020) or business dynamism (for example, de ...