Concentrating on the Fall of the Labor Share

The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly prof...

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Bibliographic Details
Main Authors: Dorn, David, Katz, Lawrence F., Patterson, Christina, Autor, David H, Van Reenen, John Michael
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Published: American Economic Association 2018
Online Access:http://hdl.handle.net/1721.1/113707
https://orcid.org/0000-0002-6915-9381