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Matthias Kehrig

Citations

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Working papers

  1. Matthias Kehrig & Nicolas Vincent, 2019. "Good Dispersion, Bad Dispersion," NBER Working Papers 25923, National Bureau of Economic Research, Inc.

    Cited by:

    1. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Engbom, Niklas & Moser, Christian & Sauermann, Jan, 2023. "Firm pay dynamics," Journal of Econometrics, Elsevier, vol. 233(2), pages 396-423.
    3. Wang, Wenya & Yang, Ei, 2023. "Multi-product firms and misallocation," Journal of Development Economics, Elsevier, vol. 163(C).
    4. Andrés Blanco & Isaac Baley, 2019. "Aggregate Dynamics in Lumpy Economies," Working Papers 1116, Barcelona School of Economics.
    5. Charles Boissel & Adrien Matray, 2021. "Dividend Taxes and the Allocation of Capital," Working Papers 2021-39, Princeton University. Economics Department..
    6. J. David Brown & Emin Dinlersoz & John S. Earle, 2022. "Productivity Dispersion, Misallocation, and Reallocation Frictions: Theory and Evidence from Policy Reforms," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(1), pages 1-43, March.
    7. Shalini Mitra & Gareth Liu-Evans, 2023. "Intangible Cycles," Working Papers 202302, University of Liverpool, Department of Economics, revised May 2023.
    8. Kenji Fujiwara, 2024. "Firm heterogeneity in competition among the big and the small," Bulletin of Economic Research, Wiley Blackwell, vol. 76(1), pages 147-166, January.
    9. Jan Schymik & Matthias Meier & Alexander Schramm & Alexander Schwemmer, 2025. "Capital (Mis)allocation, Incentives and Productivity," CRC TR 224 Discussion Paper Series crctr224_2025_637, University of Bonn and University of Mannheim, Germany.
    10. Adrien Matray & Charles Boissel, 2020. "Higher Dividend Taxes, No Problem! Evidence from Taxing Entrepreneurs in France," Working Papers 276, Princeton University, Department of Economics, Center for Economic Policy Studies..
    11. Elhanan Helpman & Benjamin C. Niswonger, 2020. "Dynamics of Markups, Concentration and Product Span," NBER Working Papers 27389, National Bureau of Economic Research, Inc.
    12. Dan Cao & Henry Hyatt & Toshihiko Mukoyama & Erick Sager, 2020. "Firm Growth through New Establishments," Working Papers gueconwpa~20-20-02, Georgetown University, Department of Economics.
    13. Helpman, Elhanan, 2024. "Foreign competition and innovation," Journal of International Economics, Elsevier, vol. 152(C).
    14. Hazell, Jonathon & Patterson, Christina & Sarsons, Heather & Taska, Bledi, 2023. "National Wage Setting," IZA Discussion Papers 16493, IZA Network @ LISER.
    15. Kaoru Hosono & Miho Takizawa, 2022. "Japan's productivity stagnation: Using dynamic Hsieh–Klenow decomposition," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 218-232, January.
    16. Antonin Bergeaud & Edouard Jousselin & Clément Malgouyres, 2021. "Ten years on from the business tax reform: how has it affected companies’ behaviour? [Dix ans après la réforme de la taxe professionnelle : quels effets sur le comportement des entreprises ?]," Bulletin de la Banque de France, Banque de France, issue 238.

  2. Matthias Kehrig & Nicolas Vincent, 2018. "The Micro-Level Anatomy of the Labor Share Decline," NBER Working Papers 25275, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ensar Yılmaz & Zeynep Kaplan, 2022. "Heterogeneity of market power: firm-level evidence," Economic Change and Restructuring, Springer, vol. 55(2), pages 1207-1228, May.
    2. Guschanski, Alexander & Onaran, Özlem, 2018. "The labour share and financialisation: Evidence from publicly listed firms," Greenwich Papers in Political Economy 19371, University of Greenwich, Greenwich Political Economy Research Centre.
    3. Arellano-Bover, Jaime & Bussotti, Carolina & Paradisi, Matteo & Wu, Liangjie, 2026. "The Labor Demand Implications of Brand Capital: Evidence from Trademark Transactions," IZA Discussion Papers 18461, IZA Network @ LISER.
    4. Maarten de Ridder, 2019. "Market Power and Innovation in the Intangible Economy," Discussion Papers 1907, Centre for Macroeconomics (CFM).
    5. Ufuk Akcigit & Sina T. Ates, 2019. "What Happened to U.S. Business Dynamism?," NBER Working Papers 25756, National Bureau of Economic Research, Inc.
    6. Dávila, Andrés O. & Fernandez Sierra, Manuel & Zuleta, Hernando, 2021. "The Natural Resource Boom and the Uneven Fall of the Labor Share," IZA Discussion Papers 14592, IZA Network @ LISER.
    7. Andres Donangelo & François Gourio & Matthias Kehrig & Miguel Palacios, 2017. "The Cross-Section of Labor Leverage and Equity Returns," Working Papers 17-70, Center for Economic Studies, U.S. Census Bureau.
    8. Paulie, Charlotte, 2021. "Labor-share dynamics -The role of import competition," Working Paper Series 2021:13, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    9. Haque, Qazi & Pavlov, Oscar & Weder, Mark, 2025. "Endogenous business cycles with small and large firms," European Economic Review, Elsevier, vol. 177(C).
    10. Dreger, Christian & Fourné, Marius & Holtemöller, Oliver, 2023. "Globalization, Productivity Growth, and Labor Compensation," IZA Discussion Papers 16010, IZA Network @ LISER.
    11. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
    12. Balleer, Almut & Noeller, Marvin, 2023. "Monetary policy in the presence of supply constraints: Evidence from German firm-level data," Ruhr Economic Papers 1060, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    13. Sampson, Thomas & Grossman, Gene & Helpman, Elhanan & Oberfield, Ezra, 2017. "The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration," CEPR Discussion Papers 12342, C.E.P.R. Discussion Papers.
    14. Toon Van Overbeke, 2023. "Conflict or cooperation? Exploring the relationship between cooperative institutions and robotisation," British Journal of Industrial Relations, London School of Economics, vol. 61(3), pages 550-573, September.
    15. Firooz, Hamid & Liu, Zheng & Wang, Yajie, 2025. "Automation and the rise of superstar firms," Journal of Monetary Economics, Elsevier, vol. 151(C).
    16. Philippon, Thomas & Gutierrez, German, 2017. "Declining Competition and Investment in the U.S," CEPR Discussion Papers 12536, C.E.P.R. Discussion Papers.
    17. Davide Furceri & Prakash Loungani & Jonathan D. Ostry, 2019. "The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(S1), pages 163-198, December.
    18. Van Reenen, John & Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," CEPR Discussion Papers 12041, C.E.P.R. Discussion Papers.
    19. Bayer, Christian & Born, Benjamin & Luetticke, Ralph, 2020. "Shocks, Frictions, and Inequality in US Business Cycles," CEPR Discussion Papers 14364, C.E.P.R. Discussion Papers.
    20. Feijoo Moreira, Sergio, 2022. "Inside the decline of the labor share: Technical change, market power, and structural change," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    21. Jihyuan Liuh, 2025. "A Micro-Distributional Theory of the Aggregate Labor Share:Firm Size Distribution and Technological Heterogeneity," Papers 2512.03812, arXiv.org, revised Feb 2026.
    22. Gene Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2018. "The Productivity Slowdown and the Declining Labor Share," 2018 Meeting Papers 169, Society for Economic Dynamics.
    23. Miller, Jason W. & Phares, Jonathan & Burks, Stephen V., 2023. "Job Creation and Job Destruction Dynamics in the U.S. Truck Transportation Industry, 1995-2019," IZA Discussion Papers 16184, IZA Network @ LISER.
    24. Xiao, De & Yu, Fan & Guo, Chenhao, 2023. "The impact of China's pilot carbon ETS on the labor income share: Based on an empirical method of combining PSM with staggered DID," Energy Economics, Elsevier, vol. 124(C).
    25. Mert Demirer & Diego Jimenez-Hernandez & Dean Li & Sida Peng, 2024. "Data, Privacy Laws and Firm Production: Evidence from the GDPR," Working Paper Series WP 2024-02, Federal Reserve Bank of Chicago.
    26. Joel M. David & Romain Ranciere & David Zeke, 2023. "International Diversification, Reallocation, and the Labor Share," Working Paper Series WP 2023-16, Federal Reserve Bank of Chicago.
    27. Li, Bing & Liu, Chang & Sun, Stephen Teng, 2021. "Do corporate income tax cuts decrease labor share? Regression discontinuity evidence from China," Journal of Development Economics, Elsevier, vol. 150(C).
    28. Yang, Guang-Zhao & Si, Deng-Kui & Ning, Guang-Jie, 2023. "Does digital transformation reduce the labor income share in enterprises?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1526-1538.
    29. German Gutierrez, 2018. "Investigating Global Labor and Pro t Shares," 2018 Meeting Papers 165, Society for Economic Dynamics.
    30. Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2021. "Uneven growth: automation’s impact on income and wealth inequality," Bank of England working papers 913, Bank of England.
    31. Liu, Libin & Si, Xu, 2025. "Firms' perception of economic policy uncertainty and the labor income share," Economic Systems, Elsevier, vol. 49(3).
    32. Tarek Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2019. "Uneven Growth: Automation’s Impact on Income and Wealth Inequality," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-333, Boston University - Department of Economics.
    33. Hubert Drazkowski & Sebastian Zalas, 2023. "The evolution of labor share in Poland. New evidence from firm-level data," GRAPE Working Papers 82, GRAPE Group for Research in Applied Economics.
    34. Marjan Petreski, 2022. "Minimum wage and manufacturing labor share: Evidence from North Macedonia," Finance Think Policy Studies 2022-02/41, Finance Think - Economic Research and Policy Institute.
    35. Ufuk Akcigit & Sina T. Ates, 2019. "Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory," NBER Working Papers 25755, National Bureau of Economic Research, Inc.
    36. Baris Kaymak & Immo Schott, 2018. "Corporate Tax Cuts and the Decline of the Labor Share," 2018 Meeting Papers 943, Society for Economic Dynamics.
    37. Wang, Liang & Hu, Jun & Yao, Daifei & Skibniewski, Miroslaw J., 2025. "Indelible imprint: CEOs’ poverty experience and corporate labor income share," Journal of Business Research, Elsevier, vol. 199(C).
    38. Miyoshi, Koyo, 2024. "The decline in the labor share: Evidence from Japanese manufacturers’ panel data," Journal of Asian Economics, Elsevier, vol. 92(C).
    39. Fritsche, Jan Philipp & Steininger, Lea, 2022. "The Labor Share is a Catalyst for Monetary Policy - Two Million Firms' Production Dynamics," Department of Economics Working Paper Series 326, WU Vienna University of Economics and Business.
    40. Li, Chengming & Huo, Peng & Wang, Zeyu & Zhang, Weiguang & Liang, Feiyan & Mardani, Abbas, 2023. "Digitalization generates equality? Enterprises’ digital transformation, financing constraints, and labor share in China," Journal of Business Research, Elsevier, vol. 163(C).
    41. Jakob Grazzini & Lorenza Rossi, 2020. "New Firms, Capital Intensity and the Labor Share: New Theoretical and Empirical Insights," CESifo Working Paper Series 8255, CESifo.
    42. Amendola, Marco & Ciampa, Valerio & Germani, Lorenzo, 2024. "The distributional effects of labour market deregulation: Wage share and fixed-term contracts," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 328-338.
    43. Andrea L. Eisfeldt & Antonio Falato & Mindy Z. Xiaolan, 2022. "Human Capitalists," NBER Chapters, in: NBER Macroeconomics Annual 2022, volume 37, pages 1-61, National Bureau of Economic Research, Inc.
    44. Matias Covarrubias & Germán Gutiérrez & Thomas Philippon, 2019. "From Good to Bad Concentration? US Industries over the Past 30 Years," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 1-46, National Bureau of Economic Research, Inc.
    45. Mahlstedt, Robert & Weber, Rüdiger, 2020. "Risk Sharing Within and Outside the Firm: The Disparate Effects of Wrongful Discharge Laws on Expected Stock Returns," IZA Discussion Papers 13941, IZA Network @ LISER.
    46. Emmanuel Farhi & François Gourio, 2018. "Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia," Working Paper Series WP-2018-19, Federal Reserve Bank of Chicago.
    47. Jaumandreu, Jordi & Doraszelski, Ulrich, 2019. "Using Cost Minimization to Estimate Markups," CEPR Discussion Papers 14114, C.E.P.R. Discussion Papers.
    48. Miller, Jason W. & Phares, Jonathan & Burks, Stephen V., 2025. "Bring Out the Bulls: Employment Dynamics of Trucking Firms During Highly Expansive Market Conditions," IZA Discussion Papers 17627, IZA Network @ LISER.
    49. Philippe Aghion & Benjamin F. Jones & Charles I. Jones, 2018. "Artificial Intelligence and Economic Growth," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 237-282, National Bureau of Economic Research, Inc.
    50. Stiebale, Joel & Suedekum, Jens & Woessner, Nicole, 2024. "Robots and the rise of European superstar firms," International Journal of Industrial Organization, Elsevier, vol. 97(C).
    51. Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
    52. Daniel L. Greenwald & Martin Lettau & Sydney C. Ludvigson, 2019. "How the Wealth Was Won: Factor Shares as Market Fundamentals," NBER Working Papers 25769, National Bureau of Economic Research, Inc.
    53. Nicolas Petrosky-Nadeau & Etienne Wasmer & Philippe Weil, 2021. "When Hosios meets Phillips: Connecting Efficiency and Stability to Demand Shocks," Working Papers ECARES 2021-06, ULB -- Universite Libre de Bruxelles.
    54. Andrew Glover & Jacob Short, 2019. "Can Capital Deepening Explain the Global Decline in Labor’s Share?," Staff Working Papers 19-3, Bank of Canada.
    55. Guimarães, Luís & Mazeda Gil, Pedro, 2022. "Explaining the Labor Share: Automation Vs Labor Market Institutions," Labour Economics, Elsevier, vol. 75(C).
    56. Xu, Yuanbin & Wei, Yuan & Zeng, Xin & Yu, Haiqing & Chen, Hongjie, 2024. "Big data development and labor income share: Evidence from China's national big data comprehensive pilot zones," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1415-1437.
    57. Barkai, Simcha, 2021. "The Decline of the Labor Share is not Explained by the Capitalization of Intellectual Property Products," Working Papers 310, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    58. Ariell Reshef & Gianluca Santoni, 2022. "Are Your Labor Shares Set in Beijing? The View through the Lens of Global Value Chains," CESifo Working Paper Series 9835, CESifo.
    59. Lyu, Zhuoyang & Yu, Li & Liu, Chen & Ma, Tiemeng, 2024. "When temperatures matter: Extreme heat and labor share," Energy Economics, Elsevier, vol. 138(C).
    60. Ye, Huiying & Liao, Hua & Zheng, Guoliang & Peng, Ying, 2024. "Industrialization, environmental externality, and climate mitigation strategies," Economic Modelling, Elsevier, vol. 139(C).
    61. Si, Deng-Kui & Wang, Meng & Wang, Jiaming & Li, Hong-Xue, 2024. "Does banking competition increase corporate labor income share? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 440-454.
    62. Laurens Cherchye & Thomas Demuynck & Bram De Rock & Cédric Duprez & Glenn Magerman & Marijn Verschelde, 2021. "Structural Identification of Productivity under Biased Technological Change∗," Working Papers ECARES 2021-28, ULB -- Universite Libre de Bruxelles.
    63. Swayamsiddha Sarangi, 2023. "Labor share decline across US manufacturing sub-sectors: 1979-2019," Working Paper Series, Department of Economics, University of Utah 2023_07, University of Utah, Department of Economics.
    64. Benjamin Bridgman & Ryan Greenaway‐McGrevy, 2022. "Public enterprise and the rise and fall of labor share," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 320-350, January.
    65. David Rezza Baqaee & Emmanuel Farhi, 2017. "Productivity and Misallocation in General Equilibrium," NBER Working Papers 24007, National Bureau of Economic Research, Inc.
    66. Lochner, Benjamin & Schulz, Bastian, 2020. "Firm productivity, wages, and sorting," IAB-Discussion Paper 202004, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    67. Mayneris, Florian, 2025. "Does the urban wage premium imply a higher firms’ labor share in big cities?," Regional Science and Urban Economics, Elsevier, vol. 115(C).
    68. Giovanni Dosi & Marco Grazzi & Le Li & Luigi Marengo & Simona Settepanella, 2021. "Productivity Decomposition in Heterogeneous Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 69(3), pages 615-652, September.
    69. Simcha Barkai & Surech Nallareddy & Maria Ogneva, 2025. "Capitalization of Intellectual Property Products Does Not Explain the Decline in the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    70. Ben Lipsius, 2018. "Labor Market Concentration does not Explain the Falling Labor Share," 2018 Papers pli1202, Job Market Papers.
    71. Castex, Gonzalo & (Stanley) Cho, Sang-Wook & Dechter, Evgenia, 2022. "The decline in capital-skill complementarity," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    72. Ludovic Panon, 2020. "Labor Share, Foreign Demand and Superstar Exporters," Working Papers hal-03386549, HAL.
    73. Si, Deng-Kui & Meng, Mingyue & Wang, Jiaming & Zhou, Fuyou, 2024. "Does capital market liberalization increase corporate labor income share? Evidence from China," Economic Modelling, Elsevier, vol. 141(C).
    74. Jose Barrales-Ruiz, Ivan Mendieta-Muñoz, Codrina Rada, Daniele Tavani, Rudiger von Arnim, 2021. "The distributive cycle: Evidence and current debates," Working Paper Series, Department of Economics, University of Utah 2021-01, University of Utah, Department of Economics.
    75. Richiardi, Matteo & Valenzuela, Luis, 2023. "Firm heterogeneity and the aggregate labour share," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA9/23, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    76. Emilien Gouin-Bonenfant, 2018. "Productivity Dispersion, Between-firm Competition and the Labor Share," 2018 Meeting Papers 1171, Society for Economic Dynamics.
    77. Filip Abraham & Yannick Bormans, 2020. "The Impact of Superstar Firms on the Labor Share: Evidence from Belgium," De Economist, Springer, vol. 168(3), pages 369-402, September.
    78. Autor, David & Chin, Caroline & Salomons, Anna & Seegmiller, Bryan, 2026. "What Makes New Work Different from More Work?," IZA Discussion Papers 18504, IZA Network @ LISER.
    79. Guillaume Bazot & David Guerreiro, 2025. "A decomposition of the labor share decline in the US business sector," AMSE Working Papers 2503, Aix-Marseille School of Economics, France.
    80. Dibyendu Maiti, 2019. "Trade, Labor Share, and Productivity in India's Industries," ADBI Working Papers 926, Asian Development Bank Institute.
    81. Samartzidis, Lasare & Mundt, Philipp & Schulz-Gebhard, Jan, 2024. "Input specificity and labor's bargaining power: A production tree approach to functional income distribution," BERG Working Paper Series 198, Bamberg University, Bamberg Economic Research Group.
    82. Loukas Karabarbounis & Brent Neiman, 2018. "Accounting for Factorless Income," NBER Working Papers 24404, National Bureau of Economic Research, Inc.
    83. Rafael Guntin & Federico Kochen, 2025. "The Origins of Top Firms," Working Papers wp2025_2516, CEMFI.
    84. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, IZA Network @ LISER.
    85. Roya Taherifar & Mark J. Holmes & Gazi M. Hassan, 2023. "The drivers of labour share and impact on pay inequality: A firm-level investigation," Working Papers in Economics 23/03, University of Waikato.
    86. Steininger, Lea & Fritsche, Jan P., 2025. "Monetary policy and the functional income distribution: Two million firms’ production dynamics," European Economic Review, Elsevier, vol. 178(C).
    87. Manuel Coutinho Pereira, 2025. "A firm-level analysis of the labour share in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    88. Cairó, Isabel & Sim, Jae, 2024. "Market power, inequality, and financial instability," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    89. Mr. Andrew Berg & Lahcen Bounader & Nikolay Gueorguiev & Hiroaki Miyamoto & Mr. Kenji Moriyama & Ryota Nakatani & Luis-Felipe Zanna, 2021. "For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation," IMF Working Papers 2021/187, International Monetary Fund.
    90. Bai, Min & Li, Yue & Yu, Chia-Feng (Jeffrey), 2025. "Business environment trustworthiness and employee income share," International Review of Financial Analysis, Elsevier, vol. 103(C).
    91. van Vlokhoven, Has, 2022. "Decomposing the Rise in Markups," Discussion Paper 2022-006, Tilburg University, Center for Economic Research.
    92. Mertens, Matthias, 2022. "Micro-mechanisms behind declining labor shares: Rising market power and changing modes of production," International Journal of Industrial Organization, Elsevier, vol. 81(C).
    93. Kraft, Kornelius & Lammers, Alexander, 2021. "Bargaining Power and the Labor Share - a Structural Break Approach," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242342, Verein für Socialpolitik / German Economic Association.
    94. Jan Philipp Fritsche & Lea Steininger, 2021. "Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms," Discussion Papers of DIW Berlin 1967, DIW Berlin, German Institute for Economic Research.
    95. Acemoglu, Daron & Koster, Hans R.A. & Ozgen, Ceren, 2023. "Robots and Workers: Evidence from the Netherlands," IZA Discussion Papers 15997, IZA Network @ LISER.
    96. Zalas, Sebastian & Drążkowski, Hubert, . "Kształtowanie się udziału płac w wartości dodanej w Polsce. Nowe szacunki z danych jednostkowych," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2023(3).
    97. Chen, Bo & Xu, Huange & Li, Guangchen, 2023. "Entry deregulation and labor share: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    98. Giuseppe Berlingieri & Sara Calligaris & Chiara Criscuolo, 2018. "The productivity-wage premium: does size still matter in a service economy?," CEP Discussion Papers dp1557, Centre for Economic Performance, LSE.
    99. Xudong Fu & Darren Kisgen & Lei Kong, 2025. "Corporate Share Repurchase Policies and Labor Share," Working Papers 25-14, Center for Economic Studies, U.S. Census Bureau.
    100. Vives, Xavier & Azar, José, 2020. "General Equilibrium Oligopoly and Ownership Structure," CEPR Discussion Papers 15499, C.E.P.R. Discussion Papers.
    101. David H. Autor & Caroline Chin & Anna Salomons & Bryan Seegmiller, 2026. "What Makes New Work Different from More Work?," CESifo Working Paper Series 12577, CESifo.
    102. Maya Eden & Paul Gaggl, 2019. "Capital Composition and the Declining Labor Share," CESifo Working Paper Series 7996, CESifo.
    103. Pavlov, Oscar & Haque, Qazi & Weder, Mark, 2024. "Superstar firms and aggregate fluctuations," Working Papers 2024-01, University of Tasmania, Tasmanian School of Business and Economics.
    104. Boppart, Timo & Aghion, Philippe & Bergeaud, Antonin & Klenow, Peter J. & Li, Huiyu, 2019. "A Theory of Falling Growth and Rising Rents," CEPR Discussion Papers 14094, C.E.P.R. Discussion Papers.
    105. Saumik Paul & Yoko Oishi, 2018. "A Primer on the Drivers of Labor Income Share," Working Papers id:12948, eSocialSciences.
    106. Dauth, Wolfgang & Findeisen, Sebastian & Südekum, Jens & Wößner, Nicole, 2017. "German robots - the impact of industrial robots on workers," IAB-Discussion Paper 201730, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    107. Vicente Salas & Lucio San Juan & Javier Vallés, 2018. "Corporate cost and profit shares in the euro area and the US: the same story?," Working Papers 1833, Banco de España.
    108. Yılmaz, Ensar & Bulut, Necip, 2025. "Inflation dynamics: Profits, wages and import prices," Economic Systems, Elsevier, vol. 49(3).
    109. Janet Gao & Shan Ge & Lawrence D. W. Schmidt & Cristina Tello-Trillo, 2023. "How Do Health Insurance Costs Affect Firm Labor Composition and Technology Investment?," Working Papers 23-47, Center for Economic Studies, U.S. Census Bureau.
    110. Mertens, Matthias, 2019. "Micro-mechanisms behind declining labour shares: Market power, production processes, and global competition," IWH-CompNet Discussion Papers 3/2019, Halle Institute for Economic Research (IWH).
    111. Xue, Yixin & Wang, Zhenni, 2025. "Does local fiscal pressure inhibit the labor income share of enterprises?," Finance Research Letters, Elsevier, vol. 86(PA).
    112. Gonzalez, Ignacio & Trivin, Pedro, 2019. "The Global Rise of Asset Prices and the Decline of the Labor Share," MPRA Paper 94587, University Library of Munich, Germany.
    113. Cynthia L. Doniger, 2021. "What Can We Learn from Asynchronous Wage Changes?," Finance and Economics Discussion Series 2021-055r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Mar 2022.
    114. Kurozumi, Takushi & Van Zandweghe, Willem, 2022. "Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis," European Economic Review, Elsevier, vol. 141(C).
    115. Hong Cheng & Lukasz A. Drozd & Rahul Giri & Mathieu Taschereau-Dumouchel & Junjie Xia, 2021. "The Future of Labor: Automation and the Labor Share in the Second Machine Age," Working Papers 20-11, Federal Reserve Bank of Philadelphia.
    116. García-Perea, Pilar & Lacuesta, Aitor & Roldan-Blanco, Pau, 2021. "Markups and cost structure: Small Spanish firms during the Great Recession," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 137-158.
    117. Adam Aboobaker, 2022. "Macroeconomic Determinants of South Africa's Post-Apartheid Income Distribution," World Inequality Lab Working Papers halshs-03693225, HAL.
    118. Adam Aboobaker, 2022. "Macroeconomic Determinants of South Africa's Post-Apartheid Income Distribution," Working Papers halshs-03693225, HAL.
    119. Kosuke Aoki & Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Kosuke Takatomi, 2024. "Determinants of Price Markups at Japanese Firms and Implications for Productivity," Bank of Japan Working Paper Series 24-E-15, Bank of Japan.
    120. Drago, Bergholt & Furlanetto, Francesco & Faccioli, Nicolò Maffei, 2019. "The decline of the labor share: new empirical evidence," Working Paper 2019/18, Norges Bank.
    121. Steininger, Lea & Matzner, Anna, 2025. "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series 3024, European Central Bank.
    122. Joseba Martinez, 2018. "Automation, Growth and Factor Shares," 2018 Meeting Papers 736, Society for Economic Dynamics.
    123. Kehrig, Matthias, 2018. "Comment on “Computerizing industries and routinizing jobs: Explaining trends in aggregate productivity” by Sangmin Aum, Sang Yoon (Tim) Lee and Yongseok Shin," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 22-28.
    124. Si, Xu & Liu, Yulin & Wang, Jun, 2023. "Dialect diversity and labor income share in China," Economic Systems, Elsevier, vol. 47(4).

  3. Matthias Kehrig & Nicolas L. Ziebarth, 2017. "The Effects of the Real Oil Price on Regional Wage Dispersion," CESifo Working Paper Series 6408, CESifo.

    Cited by:

    1. Nyakundi M. Michieka & Richard S. Gearhart, 2022. "Oil price changes and wages: a nonlinear and asymmetric approach," Economic Change and Restructuring, Springer, vol. 55(1), pages 1-71, February.
    2. Lutz Kilian & Xiaoqing Zhou, 2022. "The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(4), pages 953-987, June.
    3. Zheng Zheng Li & Chi-Wei Su, 2023. "How does real estate market react to the iron ore boom in Australian capital cities?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(2), pages 517-537, October.
    4. Ryan Hanson & Ana María Herrera, 2025. "The Effect of Oil News Shocks on Job Creation and Destruction," Working Papers 25-06, Center for Economic Studies, U.S. Census Bureau.

  4. Matthias Kehrig & Nicolas Vincent, 2017. "Growing Productivity without Growing Wages: The Micro-Level Anatomy of the Aggregate Labor Share Decline," CESifo Working Paper Series 6454, CESifo.

    Cited by:

    1. Guschanski, Alexander & Onaran, Özlem, 2018. "The labour share and financialisation: Evidence from publicly listed firms," Greenwich Papers in Political Economy 19371, University of Greenwich, Greenwich Political Economy Research Centre.
    2. Maarten de Ridder, 2019. "Market Power and Innovation in the Intangible Economy," Discussion Papers 1907, Centre for Macroeconomics (CFM).
    3. Richiardi, Matteo & Valenzuela, Luis, 2019. "Firm Heterogeneity and the Aggregate Labour Share," INET Oxford Working Papers 2019-08, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    4. Andrew Glover & Jacob Short, 2023. "Demographic Origins of the Decline in Labor’s Share," Staff Working Papers 23-20, Bank of Canada.
    5. Andres Donangelo & François Gourio & Matthias Kehrig & Miguel Palacios, 2017. "The Cross-Section of Labor Leverage and Equity Returns," Working Papers 17-70, Center for Economic Studies, U.S. Census Bureau.
    6. Jesús Fernández-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2021. "The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power," BCAM Working Papers 2103, Birkbeck Centre for Applied Macroeconomics.
    7. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
    8. Sampson, Thomas & Grossman, Gene & Helpman, Elhanan & Oberfield, Ezra, 2017. "The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration," CEPR Discussion Papers 12342, C.E.P.R. Discussion Papers.
    9. vom Lehn, Christian, 2018. "Understanding the decline in the U.S. labor share: Evidence from occupational tasks," European Economic Review, Elsevier, vol. 108(C), pages 191-220.
    10. Philippon, Thomas & Gutierrez, German, 2017. "Declining Competition and Investment in the U.S," CEPR Discussion Papers 12536, C.E.P.R. Discussion Papers.
    11. Zhang, Hongsong, 2019. "Non-neutral technology, firm heterogeneity, and labor demand," Journal of Development Economics, Elsevier, vol. 140(C), pages 145-168.
    12. Van Reenen, John & Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," CEPR Discussion Papers 12041, C.E.P.R. Discussion Papers.
    13. Renjie Bao & Jan de Loecker & Jan Eeckhout, 2022. "Are managers paid for market power?," Economics Working Papers 1834, Department of Economics and Business, Universitat Pompeu Fabra.
    14. Emmanuel Farhi & François Gourio, 2018. "Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia," NBER Working Papers 25282, National Bureau of Economic Research, Inc.
    15. Joachim Hubmer, 2019. "The Race Between Preferences and Technology," 2019 Meeting Papers 1430, Society for Economic Dynamics.
    16. Gene Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2018. "The Productivity Slowdown and the Declining Labor Share," 2018 Meeting Papers 169, Society for Economic Dynamics.
    17. Dibyendu Maiti & Chiranjib Neogi, 2024. "Endogeneity-corrected stochastic frontier with market imperfections," Empirical Economics, Springer, vol. 67(3), pages 1149-1183, September.
    18. Ujjayini Roy & Indrani Chakraborty, 2024. "Market concentration, promoter ownership and firm performance: evidence from Indian corporate firms," Indian Economic Review, Springer, vol. 59(1), pages 27-85, June.
    19. German Gutierrez, 2018. "Investigating Global Labor and Pro t Shares," 2018 Meeting Papers 165, Society for Economic Dynamics.
    20. Gabriele Ciminelli & Mr. Romain A Duval & Davide Furceri, 2018. "Employment Protection Deregulation and Labor Shares in Advanced Economies," IMF Working Papers 2018/186, International Monetary Fund.
    21. Gabriel Smagghue, 2021. "Heterogeneous Policy Distortions and the Labor Share," Working papers 803, Banque de France.
    22. Lopez, Rigoberto A., 2022. "The Dimensions of Productivity Change in the U.S. Food Manufacturing Industries," 2022 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 7-9, 2022 316831, Agricultural and Applied Economics Association.
    23. Takahashi, Harutaka & Le Riche, Antoine, 2020. "A Dynamic Theory of the Declining Aggregated Labor Income Share: Intangible Capital vs. Tangible Capital," MPRA Paper 101564, University Library of Munich, Germany, revised 05 Apr 2020.
    24. Baris Kaymak & Immo Schott, 2018. "Corporate Tax Cuts and the Decline of the Labor Share," 2018 Meeting Papers 943, Society for Economic Dynamics.
    25. Matias Covarrubias & Germán Gutiérrez & Thomas Philippon, 2019. "From Good to Bad Concentration? US Industries over the Past 30 Years," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 1-46, National Bureau of Economic Research, Inc.
    26. Juan Ignacio Palacio-Morena & Alejandro Mungaray-Lagarda & Lizbeth Salgado-Beltrán & Jaciel Ramsés Méndez-León, 2025. "Full Competition and Innovation," Sustainability, MDPI, vol. 17(2), pages 1-22, January.
    27. Philippe Aghion & Benjamin F. Jones & Charles I. Jones, 2018. "Artificial Intelligence and Economic Growth," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 237-282, National Bureau of Economic Research, Inc.
    28. Jagannath Mallick, 2020. "Does Global Economic Integration affect Labour Income Share in India?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(2), pages 291-309, June.
    29. Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
    30. Andrew Glover & Jacob Short, 2019. "Can Capital Deepening Explain the Global Decline in Labor’s Share?," Staff Working Papers 19-3, Bank of Canada.
    31. Popov, Alexander & Steininger, Lea, 2023. "Monetary policy and local industry structure," Working Paper Series 2778, European Central Bank.
    32. David Rezza Baqaee & Emmanuel Farhi, 2017. "Productivity and Misallocation in General Equilibrium," NBER Working Papers 24007, National Bureau of Economic Research, Inc.
    33. Jan De Loecker & Jan Eeckhout & Gabriel Unger, 2020. "The Rise of Market Power and the Macroeconomic Implications [“Econometric Tools for Analyzing Market Outcomes”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 561-644.
    34. Gabriel Smagghue, 2022. "Heterogeneous Policy Distortions and the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 56-79, January.
    35. Ben Lipsius, 2018. "Labor Market Concentration does not Explain the Falling Labor Share," 2018 Papers pli1202, Job Market Papers.
    36. Russell W. Cooper & John Haltiwanger & Jonathan L. Willis, 2024. "Declining Responsiveness at the Establishment Level: Sources and Productivity Implications," FRB Atlanta Working Paper 2024-3, Federal Reserve Bank of Atlanta.
    37. Michael MITSOPOULOS & Theodore PELAGIDIS, 2021. "Labor Taxation And Investment In Developed Countries. The Impact On Employment," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 13-31, June.
    38. Emilien Gouin-Bonenfant, 2018. "Productivity Dispersion, Between-firm Competition and the Labor Share," 2018 Meeting Papers 1171, Society for Economic Dynamics.
    39. Dibyendu Maiti, 2019. "Trade, Labor Share, and Productivity in India's Industries," ADBI Working Papers 926, Asian Development Bank Institute.
    40. Loukas Karabarbounis & Brent Neiman, 2018. "Accounting for Factorless Income," NBER Working Papers 24404, National Bureau of Economic Research, Inc.
    41. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, IZA Network @ LISER.
    42. Marika Karanassou & Héctor Sala, 2020. "Distributional Consequences of Technology, Trade Globalisation and Financialisation in the US," The Economic and Social Review, Economic and Social Studies, vol. 51(2), pages 275-303.
    43. Giuseppe Berlingieri & Sara Calligaris & Chiara Criscuolo, 2018. "The productivity-wage premium: does size still matter in a service economy?," CEP Discussion Papers dp1557, Centre for Economic Performance, LSE.
    44. Saumik Paul & Yoko Oishi, 2018. "A Primer on the Drivers of Labor Income Share," Working Papers id:12948, eSocialSciences.
    45. Asli Leblebicioglu & Ariel Weinberger, 2017. "Credit and the Labor Share: Evidence from U.S. States," Globalization Institute Working Papers 326, Federal Reserve Bank of Dallas.
    46. Dauth, Wolfgang & Findeisen, Sebastian & Südekum, Jens & Wößner, Nicole, 2017. "German robots - the impact of industrial robots on workers," IAB-Discussion Paper 201730, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    47. Vicente Salas & Lucio San Juan & Javier Vallés, 2018. "Corporate cost and profit shares in the euro area and the US: the same story?," Working Papers 1833, Banco de España.
    48. David Baqaee & Emmanuel Farhi, 2020. "Entry vs. Rents: Aggregation with Economies of Scale," NBER Working Papers 27140, National Bureau of Economic Research, Inc.
    49. Joseba Martinez, 2018. "Automation, Growth and Factor Shares," 2018 Meeting Papers 736, Society for Economic Dynamics.
    50. Kehrig, Matthias, 2018. "Comment on “Computerizing industries and routinizing jobs: Explaining trends in aggregate productivity” by Sangmin Aum, Sang Yoon (Tim) Lee and Yongseok Shin," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 22-28.

  5. Andres Donangelo & François Gourio & Matthias Kehrig & Miguel Palacios, 2017. "The Cross-Section of Labor Leverage and Equity Returns," Working Paper Series WP-2017-22, Federal Reserve Bank of Chicago.

    Cited by:

    1. Ying Liang, 2024. "Firms' Risk Adjustments to Minimum Wage: Financial Leverage and Labor Share Trade-off," Papers 2408.03659, arXiv.org.
    2. Ge, Yao & Qiao, Zheng & Zheng, Hao, 2023. "Local labor market and the cross section of stock returns," Journal of International Money and Finance, Elsevier, vol. 138(C).
    3. Shi, Huaizhi, 2024. "Managerial ownership and labor income share," Finance Research Letters, Elsevier, vol. 62(PB).
    4. Francisco, Paulo Morais, 2025. "Labour intensity and systematic risk," Finance Research Letters, Elsevier, vol. 86(PB).
    5. Atanasov, Victoria, 2021. "Unemployment and aggregate stock returns," Journal of Banking & Finance, Elsevier, vol. 129(C).
    6. Hiroki, Takashi & Iwatsubo, Kentaro & Watkins, Clinton, 2022. "Does firm-level productivity predict stock returns?," Pacific-Basin Finance Journal, Elsevier, vol. 72(C).
    7. Anastassia Fedyk & James Hodson, 2023. "Trading on Talent: Human Capital and Firm Performance," Review of Finance, European Finance Association, vol. 27(5), pages 1659-1698.
    8. Joel M. David & Lukas Schmid & David Zeke, 2020. "Risk-Adjusted Capital Allocation and Misallocation," Working Paper Series WP-2020-34, Federal Reserve Bank of Chicago.
    9. Cho, Wonho & Kim, Yongjun, 2024. "Labor leverage and firm risk: Evidence from Korea," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
    10. Joshua Livnat & Duo Selina Pei & Dan Segal, 2026. "Assessing technical efficiency: effects on future profits and returns," Journal of Productivity Analysis, Springer, vol. 65(2), pages 1-26, June.
    11. Kothari, Pratik & O’Doherty, Michael S., 2023. "Job postings and aggregate stock returns," Journal of Financial Markets, Elsevier, vol. 64(C).
    12. Bai, Hang, 2021. "Unemployment and credit risk," Journal of Financial Economics, Elsevier, vol. 142(1), pages 127-145.
    13. Rong, Yuen & Tian, Cunzhi & Li, Lifang & Zheng, Xinwei, 2020. "Labor hiring and stock return: A model and new evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 59(C).
    14. Avenancio-León, Carlos F. & Piccolo, Alessio & Pinto, Roberto, 2025. "Resilience in collective bargaining," Journal of Financial Economics, Elsevier, vol. 173(C).
    15. Marshall, Ben R. & Nguyen, Justin Hung & Nguyen, Nhut H. & Visaltanachoti, Nuttawat, 2021. "Does a change in the information environment affect labor adjustment costs?," International Review of Financial Analysis, Elsevier, vol. 74(C).
    16. Matthieu Bouvard & Adolfo de Motta, 2021. "Labor leverage, coordination failures, and aggregate risk," Post-Print hal-03524121, HAL.
    17. Dissanayake, Ruchith, 2021. "Geographic distribution of firms and expected stock returns," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    18. Weimin Liu & Di Luo & Seyoung Park & Huainan Zhao, 2022. "The cross‐sectional return predictability of employment growth: A liquidity risk explanation," The Financial Review, Eastern Finance Association, vol. 57(1), pages 155-178, February.
    19. Shi, Xin & Zhou, Yuwen, 2025. "The effects of FinTech development on corporate employment," International Review of Economics & Finance, Elsevier, vol. 101(C).
    20. Jeon, Haejun & Cui, Xue & Zhang, Chuanqian, 2023. "The effects of labor choice on investment and output dynamics," Journal of Corporate Finance, Elsevier, vol. 83(C).
    21. Schlingemann, Frederik P. & Stulz, René M., 2022. "Have exchange-listed firms become less important for the economy?," Journal of Financial Economics, Elsevier, vol. 143(2), pages 927-958.
    22. Mahlstedt, Robert & Weber, Rüdiger, 2020. "Risk Sharing Within and Outside the Firm: The Disparate Effects of Wrongful Discharge Laws on Expected Stock Returns," IZA Discussion Papers 13941, IZA Network @ LISER.
    23. Bae, Jaewan & Kang, Jangkoo, 2024. "Asset pricing implications of firms' profit sharing," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
    24. Regier, Matthias & Rouen, Ethan, 2023. "The stock market valuation of human capital creation," Journal of Corporate Finance, Elsevier, vol. 79(C).
    25. Huynh, Nhan, 2023. "Unemployment beta and the cross-section of stock returns: Evidence from Australia," International Review of Financial Analysis, Elsevier, vol. 86(C).
    26. Leila Davis & Shane McCormack, 2021. "Industrial stagnation and the financialization of nonfinancial corporations," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 459-491, December.
    27. Halford, Joseph T. & Hayes, Rachel M. & Sibilkov, Valeriy, 2024. "Personal bankruptcy costs, union bargaining power, and capital structure," Journal of Banking & Finance, Elsevier, vol. 168(C).
    28. Chen, Jian & Tang, Guohao & Yao, Jiaquan & Zhou, Guofu, 2023. "Employee sentiment and stock returns," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    29. Si, Deng-Kui & Wang, Meng & Wang, Jiaming & Li, Hong-Xue, 2024. "Does banking competition increase corporate labor income share? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 440-454.
    30. Qiu, Jiaping & Wan, Chi & Wang, Yan, 2024. "Labor-saving innovations and capital structure," Journal of Corporate Finance, Elsevier, vol. 84(C).
    31. Marco Pagano, 2020. "Risk Sharing within the Firm: A Primer," EIEF Working Papers Series 2019, Einaudi Institute for Economics and Finance (EIEF), revised Jul 2020.
    32. Sónia Félix & Pedro Dias Moreira & Nuno Silva, 2021. "On the measurement of Portuguese firms’ fixed operating costs," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    33. Si, Deng-Kui & Meng, Mingyue & Wang, Jiaming & Zhou, Fuyou, 2024. "Does capital market liberalization increase corporate labor income share? Evidence from China," Economic Modelling, Elsevier, vol. 141(C).
    34. Qianwei Ying & Tahir Yousaf & Qurat ul Ain & Yasmeen Akhtar & Muhammad Shahid Rasheed, 2019. "Stock Investment and Excess Returns: A Critical Review in the Light of the Efficient Market Hypothesis," JRFM, MDPI, vol. 12(2), pages 1-22, June.
    35. Xiaoji Lin & Ding Luo & Andres Donangelo & Frederico Belo, 2017. "Labor Hiring, Aggregate Dividends, and Return Predictability in the Time Series," 2017 Meeting Papers 885, Society for Economic Dynamics.
    36. Roya Taherifar & Mark J. Holmes & Gazi M. Hassan, 2023. "The drivers of labour share and impact on pay inequality: A firm-level investigation," Working Papers in Economics 23/03, University of Waikato.
    37. Bouvard, Matthieu & de Motta, Adolfo, 2021. "Labor leverage, coordination failures, and aggregate risk," TSE Working Papers 21-1179, Toulouse School of Economics (TSE).
    38. Bayat, Ali & Goergen, Marc & Koutroumpis, Panagiotis & Wei, Xingjie, 2025. "The impact of CEO political ideology on labor cost reductions and payout decisions during the COVID-19 pandemic," Journal of Corporate Finance, Elsevier, vol. 90(C).
    39. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.
    40. Lai, Jinming & Ke, Jinjun & Lin, Shuping & Zhang, Pengdong & Zhang, Qihao, 2024. "Business environment optimization and labor income share of enterprises: Evidence from China," Research in International Business and Finance, Elsevier, vol. 71(C).
    41. Jessie Jiaxu Wang, 2023. "Workplace Automation and Corporate Liquidity Policy," Finance and Economics Discussion Series 2023-023, Board of Governors of the Federal Reserve System (U.S.).
    42. Wagner, Konstantin, 2020. "Competition, cost structure, and labour leverage: Evidence from the U.S. airline industry," IWH Discussion Papers 21/2020, Halle Institute for Economic Research (IWH).
    43. Ali Bayat & Marc Goergen & Panagiotis Koutroumpis & Xingjie Wei, 2022. "Between Scylla and Charybdis: CEO Political Ideology, Dividends and Downsizing During the Pandemic," Working Papers 936, Queen Mary University of London, School of Economics and Finance.
    44. Bouvard, Matthieu & de Motta, Adolfo, 2021. "Labor leverage, coordination failures, and aggregate risk," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1229-1252.
    45. Ciao-Wei Chen & Laura Yue Li, 2023. "Is hiring fast a good sign? The informativeness of job vacancy duration for future firm profitability," Review of Accounting Studies, Springer, vol. 28(3), pages 1316-1353, September.
    46. Baek, Chaeyoon & Baek, Seungho & Glambosky, Mina, 2024. "Macroeconomic impact and stock returns' vulnerability by size, solvency, and financial distress," Finance Research Letters, Elsevier, vol. 59(C).
    47. Dang, Viet A. & De Cesari, Amedeo & Phan, Hieu V., 2021. "Employment protection and share repurchases: Evidence from wrongful discharge laws," Journal of Corporate Finance, Elsevier, vol. 69(C).
    48. Wang, Qin & Liu, Tong & Kong, Dongmin & Zhang, Wenzhe, 2025. "Firm’s aging perception and debt leverage: A textual analysis," Journal of International Money and Finance, Elsevier, vol. 153(C).
    49. Iachan, Felipe S. & Silva, Dejanir & Zi, Chao, 2022. "Under-diversification and idiosyncratic risk externalities," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1227-1250.
    50. Nguyen, Justin Hung, 2022. "How do labor adjustment costs affect corporate tax planning? Evidence from labor skills," International Review of Financial Analysis, Elsevier, vol. 83(C).
    51. Ge, Yao & Huang, Wei & Qiao, Zheng & Zheng, Hao, 2024. "Local labor market and corporate investment," Journal of Empirical Finance, Elsevier, vol. 79(C).
    52. Lorenzo Bretscher, 2023. "From Local to Global: Offshoring and Asset Prices," Management Science, INFORMS, vol. 69(3), pages 1420-1448, March.
    53. Steininger, Lea & Matzner, Anna, 2025. "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series 3024, European Central Bank.
    54. Baptiste Souillard, 2022. "Profit Shifting, Employee Pay, and Inequalities: Evidence from US-Listed Companies," CESifo Working Paper Series 9720, CESifo.
    55. Chino, Atsushi, 2025. "Negative effects of delayed retirement: Employment protection of older workers and firm value," Journal of Corporate Finance, Elsevier, vol. 95(C).

  6. Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Planet-Level Data," CESifo Working Paper Series 6401, CESifo.

    Cited by:

    1. Alam, M. Jahangir, 2020. "Capital misallocation: Cyclicality and sources," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    2. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," Working Papers 17-06, New York University, Leonard N. Stern School of Business, Department of Economics.
    3. Dan Cao & Erick Sager & Henry Hyatt & Toshihiko Mukoyama, 2019. "Firm Growth through New Establishments," 2019 Meeting Papers 1484, Society for Economic Dynamics.
    4. Joel M. David & Lukas Schmid & David Zeke, 2020. "Risk-Adjusted Capital Allocation and Misallocation," Working Paper Series WP-2020-34, Federal Reserve Bank of Chicago.
    5. Marin, Dalia & Doerr, Sebastian & Suverato, Davide & Verdier, Thierry, 2020. "Mis-allocation Within Firms: Internal Finance and International Trade," CEPR Discussion Papers 14478, C.E.P.R. Discussion Papers.
    6. Drautzburg, Thorsten, 2019. "Entrepreneurial tail risk: Implications for employment dynamics," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 85-100.
    7. Darmouni, Olivier & Sutherland, Andrew, 2024. "Investment when new capital is hard to find," Journal of Financial Economics, Elsevier, vol. 154(C).
    8. Robert Kurtzman & David Zeke, 2020. "Misallocation Costs of Digging Deeper into the Central Bank Toolkit," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 94-126, October.
    9. Alpysbayeva, Dinara & Vanormelingen, Stijn, 2022. "Labor market rigidities and misallocation: Evidence from a natural experiment," Labour Economics, Elsevier, vol. 78(C).
    10. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    11. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    12. Guo, Audrey, 2020. "The Effects of Unemployment Insurance Taxation on Multi-Establishment Firms," MPRA Paper 97919, University Library of Munich, Germany.
    13. Meier, Matthias, 2017. "Time to Build and the Business Cycle," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168059, Verein für Socialpolitik / German Economic Association.

  7. Cosmin Ilut & Matthias Kehrig & Martin Schneider, 2014. "Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News," NBER Working Papers 20473, National Bureau of Economic Research, Inc.

    Cited by:

    1. Carstensen, Kai & Bachmann, Rüdiger & Schneider, Martin & Lautenbacher, Stefan, 2018. "Uncertainty is Change," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181572, Verein für Socialpolitik / German Economic Association.
    2. John (Jianqiu) Bai & Erik Brynjolfsson & Wang Jin & Sebastian Steffen & Chi Wan, 2021. "Digital Resilience: How Work-From-Home Feasibility Affects Firm Performance," NBER Working Papers 28588, National Bureau of Economic Research, Inc.
    3. David Domeij & Fatih Guvenen & Rocio Madera & Christopher Busch, 2020. "Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance," Working Papers 1180, Barcelona School of Economics.
    4. Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," NBER Working Papers 26565, National Bureau of Economic Research, Inc.
    5. Sangyup Choi & Davide Furceri & Seung Yong Yoo, 2023. "Heterogeneity in the Effects of Uncertainty Shocks on Labor Market Dynamics and Extensive vs. Intensive Margins of Adjustment," Working papers 2023rwp-222, Yonsei University, Yonsei Economics Research Institute.
    6. Benhabib, Jess & Liu, Xuewen & Wang, Pengfei, 2016. "Endogenous information acquisition and countercyclical uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 601-642.
    7. David Berger & Ian Dew-Becker & Stefano Giglio, 2017. "Uncertainty Shocks as Second-Moment News Shocks," NBER Working Papers 23796, National Bureau of Economic Research, Inc.
    8. Ian Dew‐Becker, 2023. "Tail Risk in Production Networks," Econometrica, Econometric Society, vol. 91(6), pages 2089-2123, November.
    9. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers 24325, National Bureau of Economic Research, Inc.
    10. Straub, Ludwig & Ulbricht, Robert, 2016. "Endogenous Second Moments: A Unified Approach to Fluctuations in Risk, Dispersion, and Uncertainty," TSE Working Papers 16-664, Toulouse School of Economics (TSE), revised Mar 2018.
    11. Botelho, Vasco & Foroni, Claudia & Renzetti, Andrea, 2023. "Labour at risk," Working Paper Series 2840, European Central Bank.
    12. Dongya Koh & Raül Santaeulàlia-Llopis, 2017. "Countercyclical Elasticity of Substitution," Working Papers 946, Barcelona School of Economics.
    13. Lutz Kilian & Michael D. Plante & Alexander W. Richter, 2025. "Macroeconomic Responses to Uncertainty Shocks: The Perils of Recursive Orderings," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(4), pages 395-410, June.
    14. Domenico Ferraro & Giuseppe Fiori, 2018. "The Scarring Effect of Asymmetric Business Cycles," 2018 Meeting Papers 283, Society for Economic Dynamics.
    15. Bernstein, Joshua & Richter, Alexander W. & Throckmorton, Nathaniel A., 2021. "Cyclical net entry and exit," European Economic Review, Elsevier, vol. 136(C).
    16. Dew-Becker, Ian & Giglio, Stefano & Kelly, Bryan, 2021. "Hedging macroeconomic and financial uncertainty and volatility," Journal of Financial Economics, Elsevier, vol. 142(1), pages 23-45.
    17. Ravenna, Federico & Cacciatore, Matteo, 2020. "Uncertainty, Wages, and the Business Cycle," CEPR Discussion Papers 14715, C.E.P.R. Discussion Papers.
    18. Domenico Ferraro & Giuseppe Fiori, 2023. "Search Frictions, Labor Supply, and the Asymmetric Business Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(1), pages 5-42, February.
    19. Ian Dew-Becker, 2024. "Real-time forward-looking skewness over the business cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 54, October.
    20. Shaowei Ke & Qi Zhang, 2020. "Randomization and Ambiguity Aversion," Econometrica, Econometric Society, vol. 88(3), pages 1159-1195, May.
    21. Ferrante, Francesco & Graves, Sebastian & Iacoviello, Matteo, 2023. "The inflationary effects of sectoral reallocation," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 64-81.
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    30. Baqaee, David Rezza, 2020. "Asymmetric inflation expectations, downward rigidity of wages, and asymmetric business cycles," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 174-193.
    31. Kehrig, Matthias & Vincent, Nicolas, 2018. "The Micro-Level Anatomy of the Labor Share Decline," CEPR Discussion Papers 13333, C.E.P.R. Discussion Papers.
    32. Kölling, Arnd, 2018. "It's not about adjustment costs: Estimating asymmetries in long-run labor demand using a fractional panel probit model," Working Papers 95, Berlin School of Economics and Law, Institute of Management Berlin (IMB).
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    35. David R. Munro, 2021. "Consumer Behavior and Firm Volatility," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(4), pages 845-873, June.
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    37. Yu-Ting Chiang, 2022. "Attention and a Paradox of Uncertainty," Working Papers 2022-004, Federal Reserve Bank of St. Louis, revised 08 Oct 2024.
    38. Chiara Scotti, 2023. "Financial Shocks in an Uncertain Economy," Working Papers 2308, Federal Reserve Bank of Dallas.
    39. Lautenbacher, Stefan, 2020. "Subjective Uncertainty, Expectations, and Firm Behavior," MPRA Paper 103516, University Library of Munich, Germany.
    40. Botelho, Vasco & Foroni, Claudia & Renzetti, Andrea, 2024. "Labour at risk," European Economic Review, Elsevier, vol. 170(C).
    41. Chacko George & Florian Kuhn, 2019. "Business Cycle Implications of Capacity Constraints under Demand Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 94-121, April.
    42. Barrero, Jose Maria, 2022. "The micro and macro of managerial beliefs," Journal of Financial Economics, Elsevier, vol. 143(2), pages 640-667.
    43. Julien Champagne & Émilien Gouin-Bonenfant, 2022. "Monetary Policy, Credit Constraints and SME Employment," Staff Working Papers 22-49, Bank of Canada.
    44. Larry G. Epstein & Yoram Halevy, 2019. "Hard-to-Interpret Signals," Working Papers tecipa-634, University of Toronto, Department of Economics.
    45. David Berger & Joseph Vavra, 2017. "Shocks vs. Responsiveness: What Drives Time-Varying Dispersion?," NBER Working Papers 23143, National Bureau of Economic Research, Inc.
    46. Bachmann, Rüdiger & Elstner, Steffen & Hristov, Atanas, 2017. "Surprise, surprise – Measuring firm-level investment innovations," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 107-148.
    47. Joshua Bernstein & Michael D. Plante & Alexander W. Richter & Nathaniel A. Throckmorton, 2021. "Countercyclical Fluctuations in Uncertainty are Endogenous," Working Papers 2109, Federal Reserve Bank of Dallas.
    48. Francesco Bianchi & Cosmin Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," ISER Discussion Paper 1249, Institute of Social and Economic Research, The University of Osaka.
    49. Tyler Atkinson & Michael Plante & Alexander Richter & Nathaniel Throckmorton, 2022. "Complementarity and Macroeconomic Uncertainty," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 225-243, April.
    50. Schmidt, Lawrence D.W., 2025. "Climbing and falling off the ladder: Asset pricing implications of labor market event risk," Journal of Financial Economics, Elsevier, vol. 172(C).
    51. Domenico Ferraro, 2018. "The Asymmetric Cyclical Behavior of the U.S. Labor Market," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 145-162, October.
    52. Li, Yulin & Wald, John K. & Wang, Zijun, 2025. "Not just the news: Higher moments of macroeconomic variables and sovereign bond returns," Global Finance Journal, Elsevier, vol. 66(C).
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    56. Valeriu Nalban & Andra Smadu, 2022. "Uncertainty shocks and the monetary-macroprudential policy mix," Working Papers 739, DNB.
    57. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2021. "Nonlinear Search and Matching Explained," Working Papers 2106, Federal Reserve Bank of Dallas.
    58. Ryan A. Decker & John Haltiwanger & Ron S. Jarmin & Javier Miranda, 2018. "Changing Business Dynamism and Productivity : Shocks vs. Responsiveness," Finance and Economics Discussion Series 2018-007, Board of Governors of the Federal Reserve System (U.S.).
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  8. Matthias Kehrig & Nicolas Vincent, 2013. "Financial Frictions and Investment Dynamics in Multi-Plant Firms," Working Papers 13-56, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Tian, Can, 2015. "Riskiness, endogenous productivity dispersion and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 57(C), pages 227-249.
    2. Russell Cooper & Immo Schott, 2018. "Captial Reallocation and Productivity," 2018 Meeting Papers 121, Society for Economic Dynamics.
    3. Ruediger Bachmann & Steffen Elstner & Atanas Hristov, 2014. "Surprise, Surprise - Measuring Firm-Level Investment Innovations," 2014 Meeting Papers 515, Society for Economic Dynamics.

  9. Matthias Kehrig, 2011. "The Cyclicality of Productivity Dispersion," Working Papers 11-15, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Saijo, Hikaru, 2017. "The uncertainty multiplier and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 78(C), pages 1-25.
    2. Mehkari, M. Saif, 2016. "Uncertainty shocks in a model with mean-variance frontiers and endogenous technology choices," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 71-98.
    3. Tian, Can, 2011. "Technology choice and endogenous productivity dispersion over the business cycles," MPRA Paper 34480, University Library of Munich, Germany, revised 02 Nov 2011.
    4. Nicholas Bloom, 2014. "Fluctuations In Uncertainty," Working Papers 14-17, Center for Economic Studies, U.S. Census Bureau.
    5. David Domeij & Fatih Guvenen & Rocio Madera & Christopher Busch, 2020. "Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance," Working Papers 1180, Barcelona School of Economics.
    6. Yongsung Chang & Sunoong Hwang, 2011. "Asymmetric Phase Shifts in the U.S. Industrial Production Cycles," RCER Working Papers 564, University of Rochester - Center for Economic Research (RCER).
    7. Jensen Christian, 2016. "On the macroeconomic effects of heterogeneous productivity shocks," The B.E. Journal of Macroeconomics, De Gruyter, vol. 16(1), pages 1-23, January.
    8. Masashige Hamano & Francesco Zanetti, 2017. "Endogenous Turnover and Macroeconomic Dynamics," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 263-279, October.
    9. Pablo D. Fajgelbaum & Edouard Schaal & Mathieu Taschereau-Dumouchel, 2017. "Uncertainty Traps," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(4), pages 1641-1692.
    10. Tian, Can, 2015. "Riskiness, endogenous productivity dispersion and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 57(C), pages 227-249.
    11. Chen, Kaiji & Song, Zheng, 2013. "Financial frictions on capital allocation: A transmission mechanism of TFP fluctuations," Journal of Monetary Economics, Elsevier, vol. 60(6), pages 683-703.
    12. Masayuki MORIKAWA, 2017. "Dispersion and Volatility of TFPQ in Service Industries," Discussion papers 17088, Research Institute of Economy, Trade and Industry (RIETI).
    13. Benhabib, Jess & Liu, Xuewen & Wang, Pengfei, 2016. "Endogenous information acquisition and countercyclical uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 601-642.
    14. Robert J. Kurtzman & David Zeke, 2016. "Accounting for Productivity Dispersion over the Business Cycle," Finance and Economics Discussion Series 2016-045, Board of Governors of the Federal Reserve System (U.S.).
    15. Monacelli, Tommas & Sala, Luca & Siena, Daniele, 2018. "Real Interest Rates and Productivity in Small Open Economies," CEPR Discussion Papers 12808, C.E.P.R. Discussion Papers.
    16. Pablo D'Erasmo & Ryan A. Decker & Herman J. Moscoso Boedo, 2014. "Market exposure and endogenous firm volatility over the business cycle," Working Papers 14-12, Federal Reserve Bank of Philadelphia.
    17. Bloom, Nicholas & Floetotto, Max & Jaimovich, Nir & Saporta-Eksten, Itay & Terry, Stephen, 2013. "Really uncertain business cycles," LSE Research Online Documents on Economics 51526, London School of Economics and Political Science, LSE Library.
    18. Bachmann, Rüdiger & Bayer, Christian, 2013. "‘Wait-and-See’ business cycles?," Journal of Monetary Economics, Elsevier, vol. 60(6), pages 704-719.
    19. Lawrence Christiano & Daisuke Ikeda, 2013. "Leverage Restrictions in a Business Cycle Model," NBER Working Papers 18688, National Bureau of Economic Research, Inc.
    20. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.
    21. Lucia Foster & Cheryl Grim & John C. Haltiwanger & Zoltan Wolf, 2018. "Innovation, Productivity Dispersion, and Productivity Growth," NBER Working Papers 24420, National Bureau of Economic Research, Inc.
    22. Kandoussi, Malak & Langot, François, 2020. "Uncertainty Shocks and Unemployment Dynamics," IZA Discussion Papers 13438, IZA Network @ LISER.
    23. Clifford A. Lipscomb & Jan Youtie & Philip Shapira & Sanjay Arora & Andy Krause, 2018. "Evaluating the Impact of Manufacturing Extension Services on Establishment Performance," Economic Development Quarterly, , vol. 32(1), pages 29-43, February.
    24. Scott R. Baker & Nicholas Bloom, 2013. "Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments," NBER Working Papers 19475, National Bureau of Economic Research, Inc.
    25. Mehmet Balcilar & Zeynel Abidin Ozdemir, 2020. "A re-examination of growth and growth uncertainty relationship in a stochastic volatility in the mean model with time-varying parameters," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(3), pages 611-641, August.
    26. Sui-Jade Ho & Dimitrije Ruzic, 2018. "Returns to Scale, Productivity Measurement, and Trends in U.S. Manufacturing Misallocation," 2018 Meeting Papers 119, Society for Economic Dynamics.
    27. Tom Holden, 2012. "Medium-frequency cycles and the remarkable near trend-stationarity of output," School of Economics Discussion Papers 1412, School of Economics, University of Surrey.
    28. Hikaru Saijo & Cosmin Ilut, 2016. "Learning, Confidence and Business Cycle," 2016 Meeting Papers 664, Society for Economic Dynamics.
    29. Saygin Sahinoz & Evren Erdogan Cosar, 2020. "Quantifying uncertainty and identifying its impacts on the Turkish economy," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(2), pages 365-387, May.
    30. Can Tian, 2012. "Riskiness Choice and Endogenous Productivity Dispersion over the Business Cycle," PIER Working Paper Archive 12-025, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    31. Gasparini, Tommaso & Lewis, Vivien & Moyen, Stéphane & Villa, Stefania, 2024. "Risky firms and fragile banks: Implications for macroprudential policy," Discussion Papers 10/2024, Deutsche Bundesbank.
    32. Cosmin Ilut & Matthias Kehrig & Martin Schneider, 2015. "Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News," Working Papers 15-02, Center for Economic Studies, U.S. Census Bureau.
    33. Šustek, Roman, 2011. "Plant-level nonconvex output adjustment and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 58(4), pages 400-414.
    34. Poschke, Markus, 2014. "The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology," IZA Discussion Papers 7991, IZA Network @ LISER.
    35. Russell Cooper & Immo Schott, 2018. "Captial Reallocation and Productivity," 2018 Meeting Papers 121, Society for Economic Dynamics.
    36. Sophie Osotimehin & Francesco Pappa, 2016. "Credit frictions and the cleansing effect of recessions," Working papers 583, Banque de France.
    37. Matthias Kehrig & Nicolas Vincent, 2013. "Financial Frictions and Investment Dynamics in Multi-Plant Firms," Working Papers 13-56, Center for Economic Studies, U.S. Census Bureau.
    38. Julieta Caunedo, 2013. "Industry Dynamics, Investment and Business Cycles," 2013 Meeting Papers 1078, Society for Economic Dynamics.
    39. Jianjun Miao & Pengfei Wang & Tao Zha, 2014. "Liquidity Premia, Price-Rent Dynamics, and Business Cycles," FRB Atlanta Working Paper 2014-15, Federal Reserve Bank of Atlanta.
    40. Claire Giordano, Paloma Lopez-Garcia, 2018. "Is corruption efficiency-enhancing? A case study of the Central and Eastern European region," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 15(1), pages 119-164, June.
    41. Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," 2019 Meeting Papers 1189, Society for Economic Dynamics.
    42. Tatsuro Senga, 2015. "New Look at Uncertainty Shocks: Imperfect Information and Misallocation," 2015 Meeting Papers 1373, Society for Economic Dynamics.
    43. Jan De Loecker & Jan Eeckhout & Gabriel Unger, 2020. "The Rise of Market Power and the Macroeconomic Implications [“Econometric Tools for Analyzing Market Outcomes”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 561-644.
    44. John Asker & Allan Collard-Wexler & Jan De Loecker, 2014. "Dynamic Inputs and Resource (Mis)Allocation," Journal of Political Economy, University of Chicago Press, vol. 122(5), pages 1013-1063.
    45. Figueroa, Nicolás & Leukhina, Oksana, 2015. "Lending terms and aggregate productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 59(C), pages 1-21.
    46. Jose Maria Barrero & Nicholas Bloom & Ian Wright, 2017. "Short and Long Run Uncertainty," NBER Working Papers 23676, National Bureau of Economic Research, Inc.
    47. Jianjun Miao & Pengfei Wang & Tao Zha, 2014. "Discount Shock, Price-Rent Dynamics, and the Business Cycle," NBER Working Papers 20377, National Bureau of Economic Research, Inc.
    48. Masayuki MORIKAWA, 2017. "Impact of Foreign Tourists on Productivity in the Accommodation Industry: A panel data analysis," Discussion papers 17106, Research Institute of Economy, Trade and Industry (RIETI).
    49. Ruediger Bachmann & Steffen Elstner & Atanas Hristov, 2014. "Surprise, Surprise - Measuring Firm-Level Investment Innovations," 2014 Meeting Papers 515, Society for Economic Dynamics.
    50. Baqaee, David Rezza & Farhi, Emmanuel & Sangani, Kunal, 2021. "The Supply-Side Effects of Monetary Policy," CEPR Discussion Papers 15702, C.E.P.R. Discussion Papers.
    51. Pablo N D’Erasmo & Hernan J Moscoso-Boedo, 2011. "Intangibles and Endogenous Firm Volatility over the Business Cycle," Virginia Economics Online Papers 400, University of Virginia, Department of Economics.
    52. Petrosky-Nadeau, Nicolas, 2013. "TFP during a credit crunch," Journal of Economic Theory, Elsevier, vol. 148(3), pages 1150-1178.
    53. Moro, Alessio & Stucchi, Rodolfo, 2015. "Heterogeneous productivity shocks, elasticity of substitution and aggregate fluctuations," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 45-53.
    54. Tengying Weng & Tomislav Vukina & Xiaoyong Zheng, 2015. "The Effects of Productvity and Demand-Specific Factors on Plant Survival and Ownership Change in the U.S. Poultry Industry," Working Papers 15-20, Center for Economic Studies, U.S. Census Bureau.
    55. Yusuke Adachi & Hikaru Ogawa & Masafumi Tsubuku, 2022. "Measuring productivity dynamics in Japan: a quantile approach," Empirical Economics, Springer, vol. 63(1), pages 201-242, July.
    56. Russell W. Cooper & Immo Schott, 2013. "Capital Reallocation and the Cyclicality of Aggregate Productivity," NBER Working Papers 19715, National Bureau of Economic Research, Inc.
    57. Alam, M. Jahangir & Alvi, Eskander, 2024. "The long-run effects of monetary policy: The role of R&D investment in economic growth," Economic Modelling, Elsevier, vol. 137(C).
    58. David Berger & Joseph S. Vavra, 2013. "Volatility and Pass-through," NBER Working Papers 19651, National Bureau of Economic Research, Inc.
    59. Lawrence Christiano & Roberto Motto & Massimo Rostagno, 2013. "Risk Shocks," NBER Working Papers 18682, National Bureau of Economic Research, Inc.
    60. Elisa Guglielminetti, 2016. "The labor market channel of macroeconomic uncertainty," Temi di discussione (Economic working papers) 1068, Bank of Italy, Economic Research and International Relations Area.
    61. Francisco J. Buera & Benjamin Moll, 2012. "Aggregate Implications of a Credit Crunch," NBER Working Papers 17775, National Bureau of Economic Research, Inc.

Articles

  1. Matthias Kehrig & Nicolas Vincent, 2021. "The Micro-Level Anatomy of the Labor Share Decline," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(2), pages 1031-1087.
    See citations under working paper version above.
  2. Donangelo, Andres & Gourio, François & Kehrig, Matthias & Palacios, Miguel, 2019. "The cross-section of labor leverage and equity returns," Journal of Financial Economics, Elsevier, vol. 132(2), pages 497-518.
    See citations under working paper version above.
  3. Kehrig, Matthias, 2018. "Comment on “Computerizing industries and routinizing jobs: Explaining trends in aggregate productivity” by Sangmin Aum, Sang Yoon (Tim) Lee and Yongseok Shin," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 22-28.

    Cited by:

    1. Werner Pena & Christian Siegel, 2023. "Routine-biased technical change, structure of employment, and cross-country income differences," Studies in Economics 2301, School of Economics, University of Kent.
    2. Caunedo, Julieta & Keller, Elisa & Jaume, David, 2021. "Occupational Exposure to Capital-Embodied Technical Change," CEPR Discussion Papers 15759, C.E.P.R. Discussion Papers.

  4. Cosmin Ilut & Matthias Kehrig & Martin Schneider, 2018. "Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News," Journal of Political Economy, University of Chicago Press, vol. 126(5), pages 2011-2071.
    See citations under working paper version above.
  5. Matthias Kehrig & Nicolas L. Ziebarth, 2017. "The Effects of the Real Oil Price on Regional Wage Dispersion," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(2), pages 115-148, April.
    See citations under working paper version above.
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