How do firms set wages when they can legally wage discriminate? Evidence from minimum wage reform shows firms raise pay for unbound workers, reflecting pay equity considerations.
Across Europe, even public firms have concentrated ownership, with big cross-country variation. Equity frictions matter more than debt frictions for output and wealth inequality.
Services like software & R&D are reshaping production networks. Using a novel approach to measure sectoral prices, @nichiflu, Gorry & @C_vom_lehn show this shift can sustain economic growth.
