Rents, Technical Change, and Risk Premia

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Capitalists in the Twenty-First Century* (2019, result): “Increasing profits without commensurate employment growth is consistent with the recent pattern of “scale without mass” observed in large public firms (Brynjolfsson et al. 2008; Autor et al. 2017).”
Declining Competition and Investment in the U.S. (2017, unknown): “We use the sales Herfindahl as our primary measure of competition because it exhibits a higher correlation with investment as discussed in Gutiérrez and Philippon (2016). In addition to the above US-focused measures, we compute an import-adjusted Herfindahl HHIIA that aims to account for foreign com”
Public Debt and Low Interest Rates (2019, unknown): “Others point to an increased demand for safe assets, leading to a lower safe rate for a given marginal product (for example, Caballero, Farhi, and Gourinchas 2017a).”
Market Power and Innovation in the Intangible Economy (2019, background): “Caballero et al. (2017) remark that this is partly offset by a rise in equity risk premia.”