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Should-Read: Robert C. Feenstra and David E. Weinstein: Globalization, Markups, and US Welfare

Should-Read: Robert C. Feenstra and David E. Weinstein: Globalization, Markups, and US Welfare: “We work with symmetric translog preferences… http://www.journals.uchicago.edu/doi/abs/10.1086/692695

…find that between 1992 and 2005, US import shares rose and US firms exited, leading to an implied fall in markups, while variety went up because of imports. US welfare rose by nearly 1 percent as a result of these changes, with product variety contributing one-half of that total and declining markups the other half…

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Should-Read: Robert C. Feenstra and David E. Weinstein: Globalization, Markups, and US Welfare

July 31, 2017

AUTHORS:

July 31, 2017

AUTHORS:

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon