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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. Existing empirical assessments of trends in ...
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Concentrating on the fall of the labor share
"In this paper, we discuss an explanation for the fall in share of labour in GDP based on the rise of “superstar firms.” If globalization or technological changes advantage the most productive firms ...
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Working hard in the wrong place: a mismatch-based explanation to the UK productivity puzzle
"The UK experienced an unusually prolonged stagnation in labor productivity in the aftermath of the Great Recession. This paper analyzes the role of sectoral labor misallocation in accounting for ...