A vast literature seeks to measure and explain the apparent decline in the labor share in
national income that has occurred in recent times in the United States and elsewhere. The …

Offshoring has represented a dominant business practice in the past three decades,
prompting considerable research across multiple business domains to understand its …

This paper quantifies employer market power in US manufacturing and how it has changed
over time. Using administrative data, we estimate plant-level markdowns—the ratio between …

We document that between 50% and 70% of changes in the US wage structure over the last
four decades are accounted for by relative wage declines of worker groups specialized in …

Intangible assets are a large and growing part of firms' capital stocks. Intangibles are
accumulated via investment—foregoing consumption today for output in the future—but they …

For the first time in history, the globe is dominated by one economic system. Capitalism
prevails because it delivers prosperity and meets desires for autonomy. But it also is …

American markets, once a model for the world, are giving up on competition. Thomas
Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by …

For this study, we examined the relationship between the digital economy and labour share
from the perspective of industrial heterogeneity. To analyse the digital economy's impact on …

We present a framework for understanding the effects of automation and other types of
technological changes on labor demand, and use it to interpret changes in US employment …

From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes
a sweeping look at the history of technological progress and how it has radically shifted the …