EconPapers    
Economics at your fingertips  
 

Concentrating on the Fall of the Labor Share

David Autor (), David Dorn (), Lawrence Katz (), Christina Patterson and John van Reenen ()

No 23108, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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 profitable (and low labor share) firms to command growing market share. Building on Autor et al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among firms within industries has risen across much of the private sector; and industries with larger increases in concentration exhibit a larger decline in labor’s share.

JEL-codes: J3 L11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ltv
Date: 2017-01
Note: LS PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32) Track citations by RSS feed

Published as David Autor & David Dorn & Lawrence F. Katz & Christina Patterson & John Van Reenen, 2017. "Concentrating on the Fall of the Labor Share," American Economic Review, American Economic Association, vol. 107(5), pages 180-185, May.

Downloads: (external link)
http://www.nber.org/papers/w23108.pdf (application/pdf)

Related works:
Journal Article: Concentrating on the Fall of the Labor Share (2017) Downloads
Working Paper: Concentrating on the Fall of the Labor Share (2017) Downloads
Working Paper: Concentrating on the Fall of the Labor Share (2017) Downloads
Working Paper: Concentrating on the Fall of the Labor Share (2017) Downloads
Working Paper: Concentrating on the fall of the labor share (2017) Downloads
Working Paper: Concentrating on the Fall of the Labor Share (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:23108

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w23108

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-10-11
Handle: RePEc:nbr:nberwo:23108