1/ A thread on “Automation and the Rise of Superstar Firms” recently published @ Journal of Monetary Economics. Link to the paper: drive.google.com/file/d/1KvVA... Summary: The rise in automation in the past two decades explains ~50% of the rise in sales concentration in the US ...

New at JIE: "Reshoring, automation, and labor markets under trade uncertainty", by Hamid Firooz (@hamid-firooz.bsky.social), Sylvain Leduc and Zheng Liu doi.org/10.1016/j.ji...

1/ A thread on “The Pro-Competitive Consequences of Trade in Frictional Labor Markets” published @jintlecon.bsky.social. Link to the paper: drive.google.com/file/d/1gNpO... Summary: Taking variable markups into account in frictional labor markets reduces the gains from trade liberalization by 80%.