TY  - RPRT
        AU  - Autor, David
AU  - Dorn, David
AU  - Katz, Lawrence
AU  - Patterson, Christina
AU  - Reenen, John Van
        TI  - Concentrating on the Fall of the Labor Share
        PY  - 2017/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10539
        UR  - https://www.iza.org/index.php/publications/dp10539
        AB  - The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor share) firms to command growing market share. Building on Autor et al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among firms within industries has risen across much of the private sector; and industries with larger increases in concentration exhibit a larger decline in labor's share. 
        KW  - labor share
KW  - sales concentration
        ER  -