The Rise of the Megafirm: Causes and Consequences for Labor and Product Markets

Kathryn L. Shaw and John Van Reenen, Organizers

October 19, 2018

Cambridge, MA

Conference Code of Conduct

Thursday, October 18
6:00 pm
Group Dinner - Bambara Restaurant at Hotel Marlowe (across the street from the Royal Sonesta Hotel)
Friday, October 19
FORMAT
25 mins presenter
10 mins discussant
10 mins open discussion

8:15 am
Shuttle Van Leaves Royal Sonesta Hotel for NBER
8:30 am
Continental Breakfast
9:00 am
John Van Reenen, London School of Economics and NBER

Increasing Differences between Firms: Market Power and the Macro-Economy
9:30 am
Nicholas Bloom, Stanford University and NBER
Fatih Guvenen, University of Minnesota and NBER
Brian Lucking, Charles River Associates
Benjamin S. Smith, University of California at Los Angeles
Jae Song, Social Security Administration
Till M. von Wachter, University of California, Los Angeles and NBER

The Large Firm Pay Premium Redux
Discussant: Lawrence F. Katz, Harvard University and NBER
10:15 am
Coffee Break
10:30 am
Robert E. Hall, Stanford University and NBER

New Evidence on Market Power, Profit, Concentration, and the Role of Mega-Firms in the US Economy
Discussant: Emmanuel Farhi, Harvard University
11:15 am
Sharat Ganapati, Georgetown University and NBER

The Modern Wholesaler: Global Sourcing, Domestic Distribution, and Scale Economies
Discussant: Daniel Xu, Duke University and NBER
12:00 pm
Lunch
1:00 pm
José A. Azar, IESE Business School
Ioana Marinescu, University of Pennsylvania and NBER
Marshall I. Steinbaum, University of Utah Department of Economics

Labor Market Concentration
Discussant: Efraim Benmelech, Northwestern University and NBER
1:45 pm
Xavier Gabaix, Harvard University and NBER
Ralph Koijen, University of Chicago and NBER

Granular Identification
Discussant: Oleg Itskhoki, Harvard University and NBER
2:30 pm
Coffee Break
2:45 pm
Chinhui Juhn, University of Houston and NBER
Kristin McCue, U.S. Census Bureau
Brooks Pierce, Congressional Budget Office
Kathryn L. Shaw, Stanford University and NBER

The Use of Performance-Based Pay versus Wage Insurance within the Megafirm: Implications for the Within-Person Volatility of Income
Discussant: Matthias Kehrig, Duke University and NBER
3:30 pm
Ryan Decker, Federal Reserve Board of Governors
John C. Haltiwanger, University of Maryland and NBER
Ron S. Jarmin, U.S. Census Bureau
Javier Miranda, Friedrich-Schiller University

Changing Business Dynamism and Productivity: Shocks vs. Responsiveness
Discussant: Chiara Criscuolo, IFC
4:15 pm
Adjourn