Inequality
The Rise of Market Power and the Decline of Labor’s Share
A new paper argues that the decline of the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been...
Is There a Connection Between Market Concentration and the Rise in Inequality?
A Stigler Center panel debates: Is rising inequality connected to monopolies, rent-seeking, and concentration?
The rise in wealth and income inequality has been at the forefront of...
“Our Efforts to Deal With Tech Firms' Market Dominance in the U.S. Have Been an Abject Failure”
In this installment of ProMarket's new interview series, Harvard economist F.M. Scherer answers questions about concentration, antitrust, tech giants, and inequality. "Antitrust agencies have not taken sufficient...
Nobel Laureates: Eliminating Rent Seeking and Tougher Antitrust Enforcement Are Critical to Reducing Inequality
Angus Deaton: "A lot of the inequality in the U.S. comes from rent seeking. It comes from firms and industry seeking special protection or...
What Role for Antitrust in the Era of Rising Inequality? The Importance of Power in Supply Chains
Concentration of power in supply chains is a prime mechanism by which dominant companies consolidate power and profits.
The Sherman Antitrust Act of 1890 was...
Intergenerational Mobility, Guilds and Income in the Very Long Run
New paper compares tax records for family dynasties in Florence in 1427 and 2011, and finds that the top earners of the present day...
