Research

Market Structure and the Macroeconomy

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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

9:45 a.m.
Break

10:00 a.m.
Thomas Holmes, University of Minnesota
Indivisibilities in Distribution
Paper | Slide Presentation

10:45 a.m.
Break

11:00 a.m.
Esteban Rossi-Hansberg, Princeton University
Diverging Trends in National and Local Concentration
Paper | Slide Presentation

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

12:45 p.m.
Lunch
Tom Barkin, Federal Reserve Bank of Richmond

2:15 p.m.
Joseph Vavra, University of Chicago
The Rise of Niche Consumption
Slide Presentation

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 Earning Mobility
Paper | Appendix | Slide Presentation

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
The Rise and Fall of Labor Force Growth: Implications from Firm Demographics and Aggregate Trends
Paper

9:30 a.m.
Break

9:45 a.m.
Simon Mongey, University of Chicago
Labor Market Power
Paper | Slide Presentation

10:30 a.m.
Break

10:45 a.m.
Robert Hall, Stanford University
Using Empirical Marginal Cost to Measure Market Power in the US Economy
Paper | Slide Presentation

11:30 a.m.
Break

11:45 a.m.
Claudia Macaluso, University of Illinois at Urbana-Champaign
Concentration across U.S. Local Labor Markets: Evidence from Employment and Vacancy Data
Slide Presentation

12:30 p.m.
Adjourn and Bag Lunch