Labor

How IT Impacts Agency Measurement, Market Focus, and the Labor Share

Does investing in info know-how (IT) allow companies to “scale with out mass” and enhance their market share? In a brand new paper, Erik Brynjolfsson, Wang Jin, and Xiupeng Wang study how IT impacts agency dimension, market focus, and the labor share of income. Over the previous few many years, we have now witnessed important … [Read more…]

Labor Markets Are the New Frontier for Competitors Coverage

Do labor markets in Europe or the USA and Canada expertise extra monopsony energy? In a brand new paper revealed within the College of Chicago Regulation Overview, Satoshi Araki, Andrea Bassanini, Andrew Inexperienced, Luca Marcolin, and Cristina Volpin present comparisons of monopsony energy between the 2 areas, documenting related ranges of focus throughout labor markets … [Read more…]