The declining worker power hypothesis
WebJan 1, 2024 · For example, the "declining worker power" hypothesis proposed by Stansbury and Summers (2024) asserts that the weakening of unionisation and workers' collective … WebIn Chapter 2, “The Declining Worker Power Hypothesis" (co-written with Lawrence H. Summers), we argue that the decline of workers' power to share in the rents generated by firms over the last forty years in the US has substantial explanatory power for major macroeconomic trends: specifically, the decline in the labor share of income, the rise ...
The declining worker power hypothesis
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WebWe argue that the declining worker power hypothesis is more compelling as an explanation for observed changes than increases in firms’ market power, both because it can … WebSep 29, 2024 · 00:44:10 - We're back from a bit of a break and informally starting a new season! The decline of worker power over the last four decades has been fundame…
WebOct 13, 2024 · Stansbury and Summers found that the decline in worker power has resulted in a smaller share of these profits going to labor. ... “The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy” (National Bureau of Economic Research Working Paper No. 27193, ... WebApr 4, 2024 · Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy (Nat’l Bureau of Econ. Rsch., Working Paper No. 27193, 2024) (ar-guing the decline in workers’ share of economic prof its in the United States has been driven by the decline in worker power at f irms and the increase of f irms’ responsive-
WebWe hypothesize that an aging workforce has contributed to the decline in labor’s share of income. We formalize this hypothesis in an on-the-job search model in which employers of older workers may have substantial monopsony power due to the decline in labor market dynamism that accompanies aging. The greater monopsony power manifests as a ... WebNov 9, 2024 · Stansbury, A. and Summers, L.H. (2024), “The Declining Worker Power Hypothesis: An explanation for the recent evolution of the American economy”, NBER Working Paper, No 27193. Karabarbounis, L. and Neiman, B. (2014), ... declining competition and growing industry concentration may have exacerbated the erosion of workers’ …
Webdeclining worker power hypothesis is more compelling as an explanation for observed changes than increases in firms’ market power, both because it can simultaneously …
WebJun 2, 2024 · The declining worker power hypothesis builds on the work of a generation of labour economists. Industrial organisation economists are, however, typically less convinced by arguments that there has been a broad-based increase in monopoly power. poplar bluff amc theaterWebJan 1, 2011 · This "declining worker power" hypothesis views worker power as a mechanism to redistribute economic rents created by markup power, with a potential negative impact on employment. 4 An... share symbol mathsWebMar 18, 2024 · A decline in workers’ power, rather than an increase in corporations’ monopoly power, likely explains the co-existence of four significant trends in the U.S. … sharesync download windowsWebThe Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy Download; XML; Comments and Discussion Download; XML; How Tight Is the US Labor Market? Download; XML; Comments and Discussion Download; XML; When Is Growth at Risk? Download; XML; Comments and Discussion Download; XML; Does the … sharesympathy.com arnaqueWebApr 12, 2024 · 9) The Declining Worker Power Hypothesis - @annastansbury + Summers An interesting recent paper, this work proposes an alternative explanation for the rising markups we seem to be observing: positioning worker power, not level of competition at centre 12 Apr 2024 10:44:49 sharesync download intermediaWebSee, e.g., Anna Stansbury & Lawrence H. Summers, The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy, Nat’l Bureau of Econ. Research (May 2024) (decline in workers’ share of economic profits in the United States has been driven by decline in worker power at firms and the increase of firms’ poplar bluff animal shelter poplar bluff moWebThe Declining Worker Power Hypothesis: An explanation for the recent evolution of the American economy Anna Stansbury and Lawrence H. Summers Harvard University June … sharesync app download