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

@article{Autor2017TheFO,
  title={The Fall of the Labor Share and the Rise of Superstar Firms},
  author={David Autor and David Dorn and Lawrence F. Katz and Christina Patterson and John Van Reenen},
  journal={ERN: Other Macroeconomics: Employment},
  year={2017}
}
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. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In this paper, we analyze micro panel data from the U.S. Economic Census since 1982 and international sources and document empirical patterns to assess a new interpretation of the fall in the labor share… Expand
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