Unexpected Compression: Competition at Work | Markus' Academy | Ep. 106
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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.
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
https://markusacademy.substack.com/p/unexpected-compression-competition
markusacademy.substack.comhttps://markusacademy.substack.com/
nam12.safelinks.protection.outlook.com2024
economics.mit.eduDownload the slides here
economics.princeton.edu