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Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence

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Cited by:

  1. Fumihide Takeuchi, "undated". "Structural Transformation And Income Inequality, Revisited," Review of Socio - Economic Perspectives 201942, Reviewsep.
  2. Reshef, Ariell & Santoni, Gianluca, 2023. "Are your labor shares set in Beijing? The view through the lens of global value chains," European Economic Review, Elsevier, vol. 155(C).
  3. Vallés, Javier & Salas Fumás, Vicente & San Juan, Lucio, 2022. "Corporate economic profits in the euro area: The relevance of cost competitive advantage," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 569-585.
  4. Wen Chen & Bart Los & Marcel P. Timmer, 2017. "Factor Incomes in Global Value Chains: The Role of Intangibles," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, pages 373-401, National Bureau of Economic Research, Inc.
  5. Kyoji Fukao & Cristiano Perugini, 2021. "The Long‐Run Dynamics of the Labor Share in Japan," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(2), pages 445-480, June.
  6. Tiago Domingues, 2018. "Global Value Chains and Vertical Specialization: The case of Portuguese Textiles and Shoes exports," GEE Papers 00117, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jan 2019.
  7. Francesco Amodio & Nicolás de Roux, 2021. "Labor Market Power in Developing Countries: Evidence from Colombian Plants," Documentos CEDE 19267, Universidad de los Andes, Facultad de Economía, CEDE.
  8. Ms. Mitali Das & Benjamin Hilgenstock, 2018. "The Exposure to Routinization: Labor Market Implications for Developed and Developing Economies," IMF Working Papers 2018/135, International Monetary Fund.
  9. Bom, Pedro R.D. & Erauskin, Iñaki, 2022. "Productive government investment and the labor share," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 347-363.
  10. Anwesha Basu & C. Veeramani, 2021. "Labour share in Indian economy: An Exploratory analysis of the role of trade, technology and structural transformation," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2021-027, Indira Gandhi Institute of Development Research, Mumbai, India.
  11. Clemens Fuest & Felix Hugger & Susanne Wildgruber, 2022. "Why Is Corporate Tax Revenue Stable While Tax Rates Fall? Evidence from Firm-Level Data," National Tax Journal, University of Chicago Press, vol. 75(3), pages 481-515.
  12. Raihan, Selim, 2022. "What Does Data on Functional Income Distribution tell us about Trends in and Correlates of Income Inequality in The Asia-Pacific?," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(3), pages 45-64.
  13. Berman, Yonatan & Milanovic, Branko & , Stone Center, 2020. "Homoploutia: Top Labor and Capital Incomes in the United States, 1950—2020," SocArXiv td9ux, Center for Open Science.
  14. Charles Ka Yui Leung & Joe Cho Yiu Ng & Edward Tang, 2020. "Why is the Hong Kong Housing Market Unaffordable? Some Stylized Facts and Estimations," Globalization Institute Working Papers 380, Federal Reserve Bank of Dallas.
  15. Grigoli, Francesco & Koczan, Zsoka & Topalova, Petia, 2020. "Automation and labor force participation in advanced economies: Macro and micro evidence," European Economic Review, Elsevier, vol. 126(C).
  16. Andersen, Torben M. & Bhattacharya, Joydeep & Grodecka-Messi, Anna & Mann, Katja, 2022. "Pension reform and wealth inequality: evidence from Denmark," Working Paper Series 411, Sveriges Riksbank (Central Bank of Sweden).
  17. KRENEK Alexander & SCHRATZENSTALLER Margit & GRUNBERGER Klaus & THIEMANN Andreas, 2022. "The revenue potential of inheritance taxation in light of ageing societies," JRC Research Reports JRC129077, Joint Research Centre.
  18. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
  19. Swayamsiddha Sarangi, 2023. "Labor share decline across US manufacturing sub-sectors: 1979-2019," Working Paper Series, Department of Economics, University of Utah 2023_07, University of Utah, Department of Economics.
  20. Graziella Bonanno & Filippo Domma & Lucia Errico, 2022. "Income Inequality And Inner Areas. A Study On The Italian Case," Working Papers 202203, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
  21. Anthony Barr & Darlene Booth-Bell & Kristen Broady & Ryan Perry, 2023. "The Covid-19 Pandemic Spurred Growth in Automation: What Does this Mean for Minority Workers?," Working Paper Series WP 2023-06, Federal Reserve Bank of Chicago.
  22. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
  23. Weicheng Lian, 2019. "Technological Changes, Offshoring, and the Labor Share," IMF Working Papers 2019/142, International Monetary Fund.
  24. Stefania Gabriele & Enrico D’Elia, 2019. "Labour and capital remuneration in the OECD countries," Working Papers LuissLab 19146, Dipartimento di Economia e Finanza, LUISS Guido Carli.
  25. Mr. Francesco Grigoli & Zsoka Koczan & Petia Topalova, 2018. "Drivers of Labor Force Participation in Advanced Economies: Macro and Micro Evidence," IMF Working Papers 2018/150, International Monetary Fund.
  26. Lee, Eunhee & Yi, Kei-Mu, 2018. "Global value chains and inequality with endogenous labor supply," Journal of International Economics, Elsevier, vol. 115(C), pages 223-241.
  27. Baldi, Guido & Pons, Martina, 2019. "The Evolution of Factor Shares: Evidence from Switzerland," GLO Discussion Paper Series 324, Global Labor Organization (GLO).
  28. Florent Bordot & André Lorentz, 2021. "Automation and labor market polarization in an evolutionary model with heterogeneous workers," Working Papers of BETA 2021-39, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  29. Bomprezzi, Pietro & Marchesi, Silvia, 2023. "A firm level approach on the effects of IMF programs," Journal of International Money and Finance, Elsevier, vol. 132(C).
  30. Jan Behringer, 2019. "Factor shares and the rise in corporate net lending," IMK Working Paper 202-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  31. Nikolaos Charalampidis, 2024. "Frictions and the diffusion of automation," Manchester School, University of Manchester, vol. 92(2), pages 148-170, March.
  32. Lawless, Martina & Rehill, Mark, 2020. "Productivity dispersion and sectoral labour shares in Europe," Papers WP659, Economic and Social Research Institute (ESRI).
  33. Eren Gürer, 2024. "Monopolistic competition, rising markups, and optimal taxation of participation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 26(1), February.
  34. Chih‐Hai Yang & Meng‐Wen Tsou, 2021. "Globalization and the labor share in China: Firm‐level evidence," Manchester School, University of Manchester, vol. 89(1), pages 1-23, January.
  35. Savoia, Francesco, 2024. "Income inequality convergence among EU regions," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).
  36. Zhi Luo & Guanghua Wan & Chen Wang & Xun Zhang, 2022. "The distributive impacts of the Belt and Road Initiative," Journal of Economic Surveys, Wiley Blackwell, vol. 36(3), pages 586-604, July.
  37. Ha, Le Thanh & Dung, Hoang Phuong & Thanh, To Trung, 2021. "Economic complexity and shadow economy: A multi-dimensional analysis," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 408-422.
  38. Gabriele Ciminelli & Romain Duval & Davide Furceri, 2022. "Employment Protection Deregulation and Labor Shares in Advanced Economies," The Review of Economics and Statistics, MIT Press, vol. 104(6), pages 1174-1190, November.
  39. Davide Furceri & Prakash Loungani & Jonathan D. Ostry, 2019. "The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(S1), pages 163-198, December.
  40. Sossdorf, Fernando, 2022. "Winners take all (the most): The effects of market concentration on labor share and wage inequality," MPRA Paper 113642, University Library of Munich, Germany.
  41. Malte Dold & Tim Krieger, 2019. "The “New” Crisis of the Liberal Order: Populism, Socioeconomic Imbalances, and the Response of Contemporary Ordoliberalism," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 139(2–4), pages 243-258.
  42. David Autor & David Dorn & Lawrence F Katz & Christina Patterson & John Van Reenen, 2020. "The Fall of the Labor Share and the Rise of Superstar Firms [“Automation and New Tasks: How Technology Displaces and Reinstates Labor”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 645-709.
  43. González-Rozada, Martín & Ruffo, Hernán, 2024. "Do trade agreements contribute to the decline in labor share? Evidence from Latin American countries," World Development, Elsevier, vol. 177(C).
  44. Jennifer Bair & Mathew Mahutga & Marion Werner & Liam Campling, 2021. "Capitalist crisis in the “age of global value chainsâ€," Environment and Planning A, , vol. 53(6), pages 1253-1272, September.
  45. Donghyun Park & Kwanho Shin, 2022. "Aging and labor share of income in Korea," Asian Economic Journal, East Asian Economic Association, vol. 36(4), pages 432-457, December.
  46. Andrea Coveri & Elena Paglialunga & Antonello Zanfei, 2023. "Global value chains, functional diversification and within-country inequality: an empirical assessment," Working Papers 2302, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2023.
  47. Korkut Alp Erturk, 2019. "Where Did Good Jobs Go? Acemoglu and Marx on Induced (Skill Replacing) Technical Change," Working Paper Series, Department of Economics, University of Utah 2019_02, University of Utah, Department of Economics.
  48. Jagannath Mallick, 2024. "Impact of economic globalisation and productivity on labour share in India and China," Indian Economic Review, Springer, vol. 59(1), pages 137-168, June.
  49. Emilien Gouin-Bonenfant, 2018. "Productivity Dispersion, Between-firm Competition and the Labor Share," 2018 Meeting Papers 1171, Society for Economic Dynamics.
  50. Dibyendu Maiti, 2019. "Trade, Labor Share, and Productivity in India’s Industries," ADB Institute Series on Development Economics, in: Gary Fields & Saumik Paul (ed.), Labor Income Share in Asia, chapter 0, pages 179-205, Springer.
  51. Filip Abraham & Yannick Bormans, 2020. "The Impact of Superstar Firms on the Labor Share: Evidence from Belgium," De Economist, Springer, vol. 168(3), pages 369-402, September.
  52. Savina Princen & Athena Kalyva & Alexander Leodolter & Cécile Denis & Adriana Reut & Andreas Thiemann & Viginta Ivaskaite-Tamosiune, 2020. "Taxation of Household Capital in EU Member States Impact on Economic Efficiency, Revenue and Redistribution," European Economy - Discussion Papers 130, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  53. B. N. Kausik, 2022. "Income Inequality, Cause and Cure," Challenge, Taylor & Francis Journals, vol. 65(3-4), pages 93-105, July.
  54. Arjun Jayadev & Amay Narayan, 2020. "The Evolution of India's Industrial Labour Share and its Correlates," Development and Change, International Institute of Social Studies, vol. 51(4), pages 998-1017, July.
  55. Veasna Kheng & Justin Mckinley & Lei Pan, 2024. "The decline of labour share in OECD and non-OECD since the 1980s," Applied Economics, Taylor & Francis Journals, vol. 56(16), pages 1899-1915, April.
  56. Michel-Pierre Chélini & Georges Prat, 2019. "Verständnis der langfristigen Dynamik von Arbeitslosigkeit und Löhnen in Frankreich [Understanding the Long Run Dynamics of French Unemployment and Wages]," Post-Print hal-04400810, HAL.
  57. Kónya, István & Krekó, Judit & Oblath, Gábor, 2020. "Labor shares in the old and new EU member states - Sectoral effects and the role of relative prices," Economic Modelling, Elsevier, vol. 90(C), pages 254-272.
  58. Miyoshi, Koyo, 2024. "The decline in the labor share: Evidence from Japanese manufacturers’ panel data," Journal of Asian Economics, Elsevier, vol. 92(C).
  59. Loukas Karabarbounis & Brent Neiman, 2019. "Accounting for Factorless Income," NBER Macroeconomics Annual, University of Chicago Press, vol. 33(1), pages 167-228.
  60. repec:nbr:nberch:14019 is not listed on IDEAS
  61. Nofal, María B. & Coremberg, Ariel & Sartorio, Luca, 2018. "Data, measurement and initiatives for inclusive digitalization and future of work," Economics Discussion Papers 2018-71, Kiel Institute for the World Economy (IfW Kiel).
  62. Faia, Ester & Laffitte, Sébastien & Mayer, Maximilian & Ottaviano, Gianmarco, 2020. "Automation, Globalization and Vanishing Jobs: A Labor Market Sorting View," CEPR Discussion Papers 14787, C.E.P.R. Discussion Papers.
  63. repec:bin:bpeajo:v:49:y:2019:i:2018-01:p:1-87 is not listed on IDEAS
  64. Bianca VEZENTAN & Olimpia NEAGU, 2023. "The Labour Share In Households’ Income Inequality In Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 32(1), pages 297-312, July.
  65. Ana Bottega & Rafael S. M. Ribeiro, 2023. "Kalecki meets Schumpeter: The decline of competition in a demand‐led dynamic model," Metroeconomica, Wiley Blackwell, vol. 74(3), pages 584-605, July.
  66. David Autor & Anna Salomons, 2018. "Is Automation Labor Share–Displacing? Productivity Growth, Employment, and the Labor Share," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(1 (Spring), pages 1-87.
  67. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, Institute of Labor Economics (IZA).
  68. Lucia Granelli & Martin Habet & Guergana Stanoeva & Gaetano D’Adamo & Robert Gampfer, 2020. "Puzzles in Non-Financial Corporate Sector Savings across the G20," European Economy - Economic Briefs 063, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  69. Martina Lawless & Luke Rehill, 2022. "Market Power, Productivity and Sectoral Labour Shares in Europe," Open Economies Review, Springer, vol. 33(3), pages 453-476, July.
  70. Stiebale, Joel & Südekum, Jens & Woessner, Nicole, 2020. "Robots and the rise of European superstar firms," DICE Discussion Papers 347, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
  71. Alessandro Bellocchi & Giovanni Marin & Giuseppe Travaglini, 2021. "The Great Fall of Labor Share:Micro Determinants for EU Countries Over 2011-2019," Working Papers 2102, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2021.
  72. Mertens, Matthias, 2022. "Micro-mechanisms behind declining labor shares: Rising market power and changing modes of production," International Journal of Industrial Organization, Elsevier, vol. 81(C).
  73. Wagner, Konstantin, 2020. "Competition, cost structure, and labour leverage: Evidence from the U.S. airline industry," IWH Discussion Papers 21/2020, Halle Institute for Economic Research (IWH).
  74. Mitali Das, 2019. "Does the Exposure to Routinization Explain the Evolution of the Labor Share of Income? Evidence from Asia," ADB Institute Series on Development Economics, in: Gary Fields & Saumik Paul (ed.), Labor Income Share in Asia, chapter 0, pages 17-37, Springer.
  75. Kónya, István & Oblath, Gábor & Krekó, Judit, 2021. "A bérhányad alakulása Magyarországon és Európában [The labour share in Hungary and Europe]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 1021-1054.
  76. D'Elia, Enrico & Gabriele, Stefania, 2022. "Self-employment income: estimation methods, patterns, impact on distribution," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 390-398.
  77. Jens Suedekum & Nicole Woessner, 2019. "Robots & the Rise of European Superstar Firms," European Economy - Discussion Papers 118, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  78. George Petrakos & Kostas Rontos & Luca Salvati & Chara Vavoura & Ioannis Vavouras, 2024. "Income Inequality in the Over-Indebted Eurozone Countries and the Role of the Excessive Deficit Procedure," Open Economies Review, Springer, vol. 35(2), pages 301-322, April.
  79. Guimarães, Luís & Mazeda Gil, Pedro, 2022. "Explaining the Labor Share: Automation Vs Labor Market Institutions," Labour Economics, Elsevier, vol. 75(C).
  80. Jan Behringer, 2019. "Factor shares and the rise in corporate net lending," IMK Working Paper 202-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  81. Goodness C. Aye & Laurence Harris, 2019. "The effect of real exchange rate volatility on income distribution in South Africa," WIDER Working Paper Series wp-2019-29, World Institute for Development Economic Research (UNU-WIDER).
  82. Nikolaos Charalampidis, 2020. "The U.S. Labor Income Share And Automation Shocks," Economic Inquiry, Western Economic Association International, vol. 58(1), pages 294-318, January.
  83. Peter J. Buckley & Roger Strange & Marcel P. Timmer & Gaaitzen J. de Vries, 2020. "Catching-up in the global factory: Analysis and policy implications," Journal of International Business Policy, Palgrave Macmillan, vol. 3(2), pages 79-106, June.
  84. Saumik Paul & Yoko Oishi, 2018. "A Primer on the Drivers of Labor Income Share," Working Papers id:12948, eSocialSciences.
  85. Onur Özdemir, 2020. "The handicap for enhanced solidarity across advanced economies: The greater the economic openness higher the unequal distribution of income," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 91(4), pages 585-632, December.
  86. Coveri, Andrea & Pianta, Mario, 2022. "Drivers of inequality: wages vs. profits in European industries," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 230-242.
  87. Cazzuffi, Chiara & Pereira-López, Mariana & Rosales, Irving & Soloaga, Isidro, 2023. "Monopsony Power and Labor Income Inequality in Mexico," IDB Publications (Working Papers) 13044, Inter-American Development Bank.
  88. Andrew Sharpe & Cristina Blanco Iglesias & Myeongwan Kim, 2020. "What Explains the Rising Profit Share in Canada?," CSLS Research Reports 2020-07, Centre for the Study of Living Standards.
  89. Agustin Velasquez, 2023. "Production Technology, Market Power, and the Decline of the Labor Share," IMF Working Papers 2023/032, International Monetary Fund.
  90. Jagannath Mallick, 2020. "Does Global Economic Integration affect Labour Income Share in India?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(2), pages 291-309, June.
  91. Anatolijs Prohorovs & Julija Bistrova, 2022. "Labour Share Convergence in the European Union," Economies, MDPI, vol. 10(9), pages 1-21, August.
  92. Andersen, Torben M. & Bhattacharya, Joydeep & Grodecka-Messi, Anna & Mann, Katja, 2024. "Pension reform and wealth inequality: Theory and evidence," European Economic Review, Elsevier, vol. 165(C).
  93. Daniel Schäfer, 2024. "Development and Sector Labor Income Shares," Economics working papers 2024-05, Department of Economics, Johannes Kepler University Linz, Austria.
  94. Peter J. Stauvermann & Ronald R. Kumar, 2022. "Does more market competition lead to higher income and utility in the long run?," Bulletin of Economic Research, Wiley Blackwell, vol. 74(3), pages 761-782, July.
  95. Ronald R. Kumar & Peter J. Stauvermann, 2020. "Economic and Social Sustainability: The Influence of Oligopolies on Inequality and Growth," Sustainability, MDPI, vol. 12(22), pages 1-23, November.
  96. Robert Stehrer, 2022. "The Impact of ICT and Intangible Capital Accumulation on Labour Demand Growth and Functional Income Shares," wiiw Working Papers 218, The Vienna Institute for International Economic Studies, wiiw.
  97. Arthur Jacobs & Freddy Heylen, 2021. "Demographic change, secular stagnation and inequality: automation as a blessing?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1030, Ghent University, Faculty of Economics and Business Administration.
  98. Saumik Paul, 2020. "Understanding the global decline in the labor income share," IZA World of Labor, Institute of Labor Economics (IZA), pages 472-472, March.
  99. Tiago Domingues, 2018. "Global Value Chains and Vertical Specialization: The case of Portuguese Textiles and Shoes exports," GEE Papers 00117, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jan 2019.
  100. Mehmet Balcilar & Sahar Aghazadeh & George N Ike, 2021. "Modelling the employment, income and price elasticities of outbound tourism demand in OECD countries," Tourism Economics, , vol. 27(5), pages 971-990, August.
  101. Hong Cheng & Lukasz A. Drozd & Rahul Giri & Mathieu Taschereau-Dumouchel & Junjie Xia, 2021. "The Future of Labor: Automation and the Labor Share in the Second Machine Age," Working Papers 20-11, Federal Reserve Bank of Philadelphia.
  102. Yusuke Miyake, 2020. "Labor or Capital Income Tax for Growth in an Aging Society," Applied Economics and Finance, Redfame publishing, vol. 7(5), pages 54-65, September.
  103. Mary O'Mahony & Michela Vecchi & Francesco Venturini, 2019. "Technology, Intangible Assets and the Decline of the Labor Share," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2019-17, Economic Statistics Centre of Excellence (ESCoE).
  104. Paul, Saumik & Isaka, Hironobu, 2019. "Labor Income Share at the Firm Level: Global Trends," IZA Discussion Papers 12852, Institute of Labor Economics (IZA).
  105. Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
  106. Farole, Thomas & Hollweg, Claire & Winkler, Deborah, 2018. "Trade in Global Value Chain: An Assessment of Labor Market Implication," Jobs Group Papers, Notes, and Guides 30318036, The World Bank.
  107. Mai Dao & Chiara Maggi, 2018. "The Rise in Corporate Saving and Cash Holding in Advanced Economies: Aggregate and Firm Level Trends," IMF Working Papers 2018/262, International Monetary Fund.
  108. Raihan, Selim, 2021. "Functional Income Distribution and Inequality in the Asia-Pacific Countries," MPRA Paper 110469, University Library of Munich, Germany.
  109. Corneo, Giacomo, 2020. "Progressive Sovereign Wealth Funds," CEPR Discussion Papers 14746, C.E.P.R. Discussion Papers.
  110. Aquilante, Tommaso & Chowla, Shiv & Dacic, Nikola & Haldane, Andrew & Masolo, Riccardo & Schneider, Patrick & Seneca, Martin & Tatomir, Srdan, 2019. "Market power and monetary policy," Bank of England working papers 798, Bank of England.
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