TV superstars: how a new technology disrupted the entertainment industry

Felix Koenig

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: The rollout of television to virtually every household in the United States in the mid-twentieth century created a potentially huge audience for people working in the entertainment industry. As Felix Koenig explains, this experience illustrates how new technologies can have a disruptive impact on labour markets: a handful of superstars were richly rewarded, but the majority of entertainers ended up worse off.

Keywords: Superstar Effect; inequality; top incomes; technical change (search for similar items in EconPapers)
JEL-codes: D31 J23 J31 O33 (search for similar items in EconPapers)
Date: 2020-03-02
New Economics Papers: this item is included in nep-cul, nep-his and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:574

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