Industries, Mega Firms, and Increasing Inequality

John Haltiwanger, Henry Hyatt and James Spletzer

No 29920, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Most of the rise in overall earnings inequality is accounted for by rising between-industry dispersion from ten percent of 4-digit NAICS industries. These thirty industries are clustered especially in high-paying high-tech and low-paying retail sectors. The rise of employment in mega firms is concentrated in the industries that dominate rising earnings inequality. Earnings differentials for the mega firms relative to small firms decline in the low-paying industries but increase in the high-paying industries. A critical component accounting for the rising dispersion in the top thirty industries is an increasing covariance between industry premia and worker characteristics associated with high earnings.

JEL-codes: J21 J31 (search for similar items in EconPapers)
Date: 2022-04
New Economics Papers: this item is included in nep-bec, nep-com, nep-ent, nep-lma, nep-sbm and nep-tid
Note: EFG LS
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Working Paper: Industries, Mega Firms, and Increasing Inequality (2022)
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