We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian …

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor “markdowns”, i.e., the gap between wage and the value of …

recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …

The stability of the labor share of income is a key foundation in macroeconomic models. We document, however, that the … global labor share has significantly declined since the early 1980s, with the decline occurring within the large majority of … information technology and the computer age, induced firms to shift away from labor and toward capital. The lower price of …

more than half of gross profits. We use our results to simulate the effects of a counterfactual decline in bilateral trade …

and relative to the control, run longer hours, demand more skilled labor and use 9.5 percent more electricity (standard …

Empirical cross-industry cross-country models are applied widely in economics, for example to investigate the … determinants of economic growth or international trade. Estimation generally relies on US proxies for unobservable technological … industry characteristics, for example industries' dependence on external finance or relationship-specific inputs. We examine …

Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The …