Hypothesized Link Between Falling Market Competition and Rising US Inequality
Economic models, such as the one illustrated in Figure 2.25, when combined with empirical data on markups, profit shares, and the Gini coefficient, support the hypothesis that declining competition in US markets for goods and services is a contributing cause of rising inequality among households. While the trends in these datasets are consistent with the hypothesis, it is acknowledged that other factors could also be influential.
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Introduction to Macroeconomics Course
Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
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