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

DOI10.1093/QJE/QJAA004zbMath1482.91107OpenAlexW2611356021MaRDI QIDQ5031431

David Dorn, Lawrence F. Katz, Christina Patterson, David H. Autor, John van Reenen

Publication date: 18 February 2022

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1093/qje/qjaa004

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Labor markets (91B39)

Related Items (15)

The decline in capital-skill complementarity ⋮ Income inequality and endogenous market structure under directed search ⋮ The production approach to markup estimation often measures input distortions ⋮ Innovation, firm size distribution, and gains from trade ⋮ Inside the decline of the labor share: technical change, market power, and structural change ⋮ Endogenous capital-augmenting R\&D, intersectoral labor reallocation, and the movement of the labor share ⋮ Inequality and income dynamics in Germany ⋮ What will drive global economic growth in the digital age? ⋮ Market power, output, and productivity ⋮ The strategic decentralization of recruiting ⋮ Capability accumulation and conglomeratization in the information age ⋮ From Population Growth to Firm Demographics: Implications for Concentration, Entrepreneurship and the Labor Share ⋮ Wage negotiations in multi-worker firms and stochastic bargaining powers of existing workers ⋮ Market power, productivity and sectoral labour shares in Europe ⋮ Synergizing ventures

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