The Fall of the Labor Share and the Rise of Superstar Firms.¶
Autor, D., Dorn, D., Katz, L. F., Patterson, C., & Van Reenen, J. (2020). The Fall of the Labor Share and the Rise of Superstar Firms. Quarterly Journal of Economics, 135(2), 645-709.
Cited by¶
1 citation across 1 artifact.
Primes¶
- Aggregate-Marginal Divergence
- Education and macroeconomics. Average scores climb while the bottom decile falls, and aggregate productivity grows while the median firm stagnates, dragged up by superstar performance.
Supported in partVerified against the work's full text
Autor et al. show aggregate markups and sales rising while the typical firm barely moves, but not aggregate productivity rising with the median firm stagnant, and nothing on education scores.
“Importantly, the typical firm (i.e., the median or unweighted average firm) has not had a large increase in the markup, whereas the markup at the weighted (by value-added) mean firm increased considerably.”
- Education and macroeconomics. Average scores climb while the bottom decile falls, and aggregate productivity grows while the median firm stagnates, dragged up by superstar performance.
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