Jan De Loecker
Biographic Data
| ID | 5869239 |
|---|---|
| NAME | Jan De Loecker |
| GIVEN NAMES | Jan |
| FAMILY NAME | De Loecker |
| SIGNATURE | DE LOECKER J |
| AFFILIATIONS | National Bureau of Economic Research |
| VERIFIED | No |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 10 |
| AUTHOR COUNT | 6 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2007 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 1 |
Are Managers Paid for Market Power
The Rise of Market Power and the Macroeconomic Implications
We document the evolution of market power based on firm-level data for the U.S. economy since 1955. We measure both markups and profitability. In 1980, aggregate markups start to rise from 21% above marginal cost to 61% now. The increase is driven mainly by the upper tail of the markup distribution: the upper percentiles have increased sharply. Quite strikingly, the median is unchanged. In addition to the fattening upper tail of the markup distri…
Prices, Markups, and Trade Reform
status: Published
Dynamic Inputs and Resource (Mis)Allocation
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of static measures of capital misallocation within industries (and countries). Across nine data sets spanning 40 countries, we find that industries exhibiting greater time-series volatility of productivity have greater cross-sectional dispersion of the marginal revenue product of capital. We use a standard investment model with adj…
Markups and Firm-Level Export Status
In this paper, we develop a method to estimate markups using plant-level production data. Our approach relies on cost-minimizing producers and the existence of at least one variable input of production. The suggested empirical framework relies on the estimation of a production function and provides estimates of plant-level mark-ups without specifying how firms compete in the product market. We rely on our method to explore the relationship betwee…
Do exports generate higher productivity? Evidence from Slovenia
Dynamic Inputs and Resource (Mis)Allocation
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of static measures of capital misallocation within industries (and countries). Across nine data sets spanning 40 countries, we find that industries exhibiting greater time-series volatility of productivity have greater cross-sectional dispersion of the marginal revenue product of capital. We use a standard investment model with adj…
Do exports generate higher productivity? Evidence from Slovenia
Markups and Firm-Level Export Status
In this paper, we develop a method to estimate markups using plant-level production data. Our approach relies on cost-minimizing producers and the existence of at least one variable input of production. The suggested empirical framework relies on the estimation of a production function and provides estimates of plant-level mark-ups without specifying how firms compete in the product market. We rely on our method to explore the relationship betwee…
Dynamic Inputs and Resource (Mis)Allocation
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of static measures of capital misallocation within industries (and countries). Across nine data sets spanning 40 countries, we find that industries exhibiting greater time-series volatility of productivity have greater cross-sectional dispersion of the marginal revenue product of capital. We use a standard investment model with adj…
Prices, Markups, and Trade Reform
status: Published
The Rise of Market Power and the Macroeconomic Implications
We document the evolution of market power based on firm-level data for the U.S. economy since 1955. We measure both markups and profitability. In 1980, aggregate markups start to rise from 21% above marginal cost to 61% now. The increase is driven mainly by the upper tail of the markup distribution: the upper percentiles have increased sharply. Quite strikingly, the median is unchanged. In addition to the fattening upper tail of the markup distri…
Are Managers Paid for Market Power
Economics (6 works) · Monetary economics (5 works) · Global trade and economics (4 works) · Microeconomics (4 works) · Business (3 works) · Marginal cost (3 works) · Economic Growth and Productivity (2 works) · Economic theories and models (2 works) · Finance (2 works) · Industrial organization (2 works)