Economic Research
Market Structure and the Macroeconomy
Thu., May 16, 2019 - Fri., May 17, 2019
8:30 a.m. - 6 p.m.
Richmond Office, Richmond, VA
Overview
This two-day workshop brings together leading researchers in the field of macroeconomics to share their work on market power and concentration.
Agenda
THURSDAY, MAY 16
8:30 a.m.
Registration and Breakfast
8:50 a.m.
Welcome Remarks
Kartik Athreya, Federal Reserve Bank of Richmond
9:00 a.m.
Jan Eeckhout, UPF Barcelona
Quantifying Market Power
Slide Presentation | Video
9:45 a.m.
Break
10:00 a.m.
Thomas Holmes, University of Minnesota
Indivisibilities in Distribution
Paper | Slide Presentation | Video
10:45 a.m.
Break
11:00 a.m.
Esteban Rossi-Hansberg, Princeton University
Diverging Trends in National and Local Concentration
Paper | Slide Presentation | Video
11:45 a.m.
Break
12:00 p.m.
Gauti Eggertsson, Brown University
Kaldor and Piketty's Facts: The Rise of Monopoly Power in the United States
Paper | Slide Presentation | Video
12:45 p.m.
Lunch
Tom Barkin, Federal Reserve Bank of Richmond
Speech | Video
2:15 p.m.
Joseph Vavra, University of Chicago
The Rise of Niche Consumption
Slide Presentation | Video
3:00 p.m.
Break
3:15 p.m.
Arlene Wong, Princeton University
Markups Across Space and Time
Paper | Slide Presentation
4:00 p.m.
Break
4:15 p.m.
Kevin Rinz, U.S. Census Bureau
Labor Market Concentration, Earnings Inequality, and Earnings Mobility
Paper | Appendix | Slide Presentation | Video
5:15 p.m.
Reception
6:00 p.m.
Dinner
FRIDAY, MAY 17
8:00 a.m.
Registration and Breakfast
8:30 a.m.
Welcome Back
Nicholas Trachter, Federal Reserve Bank of Richmond
8:45 a.m.
Hugo Hopenhayn, University of California, Los Angeles
From Population Growth to Firm Demographics: Implications for Concentration, Entrepreneurship and the Labor Share
Paper | Slide Presentation | Video
9:30 a.m.
Break
9:45 a.m.
Simon Mongey, University of Chicago
Labor Market Power
Paper | Slide Presentation | Video
10:30 a.m.
Break
10:45 a.m.
Robert Hall, Stanford University
Using Empirical Marginal Cost to Measure Market Power in the U.S. Economy
Paper | Slide Presentation | Video
11:30 a.m.
Break
11:45 a.m.
Claudia Macaluso, University of Illinois at Urbana-Champaign
Concentration in U.S. Local Labor Markets: Evidence from Vacancy and Employment Data
Paper | Slide Presentation | Video
12:30 p.m.
Adjourn and Bag Lunch
