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Markus' Academy · August 1 · 1 hr 15 min

Unexpected Compression: Competition at Work | Markus' Academy | Ep. 106

Follow the link for the full summary: https://markusacademy.substack.com/p/unexpected-compression-competition Link to sign up for the webinar series: https://markusacademy.substack.com/ On December 8, 2022, David Autor joined Markus’ Academy to discuss his recent paper (Autor, Dube and McGrew, 2024). Autor is the Ford Professor in the MIT Department of Economics. Download the slides here. Timestamps:[0:00] Introductory Remarks[6:04] What does a competitive labor market look like?[13:14] Some unexpected facts[22:40] Distinguishing rising demand from increasing competition: conceptual model.[36:56] Distinguishing rising demand from increasing competition: evidence[1:03:05] How much does wage pressure contribute to inflation?[1:07:33] Conclusions

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Follow the link for the full summary:

https://markusacademy.substack.com/p/unexpected-compression-competition

Link to sign up for the webinar series:

https://markusacademy.substack.com/


On December 8, 2022, David Autor joined Markus’ Academy to discuss his recent paper (Autor, Dube and McGrew, 2024). Autor is the Ford Professor in the MIT Department of Economics.

Download the slides here.


Timestamps:[0:00] Introductory Remarks[6:04] What does a competitive labor market look like?[13:14] Some unexpected facts[22:40] Distinguishing rising demand from increasing competition: conceptual model.[36:56] Distinguishing rising demand from increasing competition: evidence[1:03:05] How much does wage pressure contribute to inflation?[1:07:33] Conclusions

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