Most countries exhibit large and persistent geographical differences in wages, income, and
unemployment rates. A growing class of place-based policies attempts to address these …

This paper quantifies employer market power in US manufacturing and how it has changed
over time. Using administrative data, we estimate plant-level markdowns—the ratio between …

We quantify the importance of imperfect competition in the US labor market by estimating the
size of labor market rents earned by American firms and workers. We construct a matched …

We synthesize two related literatures on firm-level drivers of wage inequality. Studies of rent
sharing that use matched worker-firm data find elasticities of wages with respect to value …

This article analyzes how patent-induced shocks to labor productivity propagate into worker
compensation using a new linkage of US patent applications to US business and worker tax …

There is growing evidence that firm-specific pay premiums are an important source of wage
inequality. These premiums will contribute to the gender wage gap if women are less likely …

This article studies the effect of corporate and personal taxes on innovation in the United
States over the twentieth century. We build a panel of the universe of inventors who patented …

We study the role of establishment-specific wage premiums in generating recent increases
in West German wage inequality. Models with additive fixed effects for workers and …

This paper analyzes the role of establishments in the upward trend in dispersion of earnings
that has become a central topic in economic analysis and policy debate. It decomposes …

We propose leave‐out estimators of quadratic forms designed for the study of linear models
with unrestricted heteroscedasticity. Applications include analysis of variance and tests of …