The Rise of Finance and Firm Employment Dynamics
Abstract
This article sheds light on the ongoing employment stagnation in the United States by investigating the links between the rise of finance and firm employment dynamics during the 1982–2005 period. I argue that the rise of finance marginalized the role of labor in revenue generating and sharing processes, which led to employment stagnation among the largest nonfinancial firms in the United States. Evidence suggests that increasing investment in...
Paper Details
Title
The Rise of Finance and Firm Employment Dynamics
Published Date
Jul 25, 2016
Journal
Volume
27
Issue
4
Pages
972 - 988
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