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    Rights statement: This is a pre-copy-editing, author-produced PDF of an article accepted for publication in BritishThe Economic Journal following peer review. The definitive publisher-authenticated version Jakob Grazzini, Lorenza Rossi, Firm Ex Ante Heterogeneity, Entry and the Labour Share, The Economic Journal, Volume 133, Issue 649, January 2023, Pages 235–257, https://doi.org/10.1093/ej/ueac054 is available online at: https://academic.oup.com/ej/article-abstract/133/649/235/6691719

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Firm Ex Ante Heterogeneity, Entry, and the Labour Share

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Firm Ex Ante Heterogeneity, Entry, and the Labour Share. / Grazzini, Jakob; Rossi, Lorenza.
In: Economic Journal, Vol. 133, No. 649, 01.01.2023, p. 235-257.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Grazzini, J & Rossi, L 2023, 'Firm Ex Ante Heterogeneity, Entry, and the Labour Share', Economic Journal, vol. 133, no. 649, pp. 235-257. https://doi.org/10.1093/ej/ueac054

APA

Grazzini, J., & Rossi, L. (2023). Firm Ex Ante Heterogeneity, Entry, and the Labour Share. Economic Journal, 133(649), 235-257. https://doi.org/10.1093/ej/ueac054

Vancouver

Grazzini J, Rossi L. Firm Ex Ante Heterogeneity, Entry, and the Labour Share. Economic Journal. 2023 Jan 1;133(649):235-257. Epub 2022 Sept 4. doi: 10.1093/ej/ueac054

Author

Grazzini, Jakob ; Rossi, Lorenza. / Firm Ex Ante Heterogeneity, Entry, and the Labour Share. In: Economic Journal. 2023 ; Vol. 133, No. 649. pp. 235-257.

Bibtex

@article{9ee259a5448442ff8d01d114957e4379,
title = "Firm Ex Ante Heterogeneity, Entry, and the Labour Share",
abstract = "This paper considers a two-sector RBC model augmented with firm heterogeneity and firm dynamics and studies the steady state and dynamic properties of the model in response to a decline in the relative price of investment. It shows that both firm heterogeneity and entry play a crucial role in the decline in the labour share and the increase in capital intensity observed in the US economy. Using ORBIS firm-level data of the US economy, the paper finds robust evidence consistent with the mechanisms described in the model.",
keywords = "Firm Dynamics, Firm Heterogeneity, Labour Income Share, Capital Intensity, Capital Technological Change, ORBIS Microdata",
author = "Jakob Grazzini and Lorenza Rossi",
note = "This is a pre-copy-editing, author-produced PDF of an article accepted for publication in BritishThe Economic Journal following peer review. The definitive publisher-authenticated version Jakob Grazzini, Lorenza Rossi, Firm Ex Ante Heterogeneity, Entry and the Labour Share, The Economic Journal, Volume 133, Issue 649, January 2023, Pages 235–257, https://doi.org/10.1093/ej/ueac054 is available online at: https://academic.oup.com/ej/article-abstract/133/649/235/6691719",
year = "2023",
month = jan,
day = "1",
doi = "10.1093/ej/ueac054",
language = "English",
volume = "133",
pages = "235--257",
journal = "Economic Journal",
issn = "0013-0133",
publisher = "Wiley-Blackwell",
number = "649",

}

RIS

TY - JOUR

T1 - Firm Ex Ante Heterogeneity, Entry, and the Labour Share

AU - Grazzini, Jakob

AU - Rossi, Lorenza

N1 - This is a pre-copy-editing, author-produced PDF of an article accepted for publication in BritishThe Economic Journal following peer review. The definitive publisher-authenticated version Jakob Grazzini, Lorenza Rossi, Firm Ex Ante Heterogeneity, Entry and the Labour Share, The Economic Journal, Volume 133, Issue 649, January 2023, Pages 235–257, https://doi.org/10.1093/ej/ueac054 is available online at: https://academic.oup.com/ej/article-abstract/133/649/235/6691719

PY - 2023/1/1

Y1 - 2023/1/1

N2 - This paper considers a two-sector RBC model augmented with firm heterogeneity and firm dynamics and studies the steady state and dynamic properties of the model in response to a decline in the relative price of investment. It shows that both firm heterogeneity and entry play a crucial role in the decline in the labour share and the increase in capital intensity observed in the US economy. Using ORBIS firm-level data of the US economy, the paper finds robust evidence consistent with the mechanisms described in the model.

AB - This paper considers a two-sector RBC model augmented with firm heterogeneity and firm dynamics and studies the steady state and dynamic properties of the model in response to a decline in the relative price of investment. It shows that both firm heterogeneity and entry play a crucial role in the decline in the labour share and the increase in capital intensity observed in the US economy. Using ORBIS firm-level data of the US economy, the paper finds robust evidence consistent with the mechanisms described in the model.

KW - Firm Dynamics

KW - Firm Heterogeneity

KW - Labour Income Share

KW - Capital Intensity

KW - Capital Technological Change

KW - ORBIS Microdata

U2 - 10.1093/ej/ueac054

DO - 10.1093/ej/ueac054

M3 - Journal article

VL - 133

SP - 235

EP - 257

JO - Economic Journal

JF - Economic Journal

SN - 0013-0133

IS - 649

ER -