The Rise of Market Power and the Macroeconomic Implications*¶
De Loecker, E., Eeckhout, J., & Unger, G. (2020). The Rise of Market Power and the Macroeconomic Implications*. The Quarterly Journal of Economics.
Cited by¶
1 citation across 1 artifact.
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Domain-specific¶
- Market power
- The growing macro-level evidence from De Loecker, Eeckhout, and colleagues that aggregate markups in the US economy rose substantially after 1980 has linked market power to a declining labour share, a rising capital share, and widening markup dispersion — extending what was once a firm-level industrial-organisation concept into a macroeconomic concern
This sourceDe Loecker, Eeckhout and Unger's measurement of the post-1980 rise in US aggregate markups, which lists the declining labour share and the rising capital share among the secular trends that rise can account for and locates the widening dispersion in the markup distribution itself, the increase in the average markup coming entirely from firms in its top half.
SupportedVerified against the source
- The growing macro-level evidence from De Loecker, Eeckhout, and colleagues that aggregate markups in the US economy rose substantially after 1980 has linked market power to a declining labour share, a rising capital share, and widening markup dispersion — extending what was once a firm-level industrial-organisation concept into a macroeconomic concern
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