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...
| Main Authors: | , , , , |
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| Other Authors: | |
| Format: | Article |
| Published: |
American Economic Association
2018
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| Online Access: | http://hdl.handle.net/1721.1/113707 https://orcid.org/0000-0002-6915-9381 |