Simcha Barkai
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View article: Value without Employment
Value without Employment Open
Young firms' contribution to aggregate employment has been underwhelming. We show that a similar trend is not apparent, however, in their contribution to aggregate sales or stock market capitalization, implying that these firms have exhibi…
View article: Antitrust Enforcement Increases Economic Activity
Antitrust Enforcement Increases Economic Activity Open
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018.Using restricted establishment-level microdata from the U.S. Census, we compare the econom…
View article: Declining Labor and Capital Shares
Declining Labor and Capital Shares Open
This paper presents direct measures of capital costs, equal to the product of the required rate of return on capital and the value of the capital stock. The capital share, equal to the ratio of capital costs and gross value added, does not…