If you lot enjoyed reading mankiw/files/defending_the_one_percent_1.pdf">my forthcoming JEP paper, you lot mightiness likewise taste It’s the Market: The Broad-Based Rise inwards the Return to Top Talent past times Steven N. Kaplan as well as Joshua Rauh, which emphasizes complementary themes. An excerpt:
Sumber https://gregmankiw.blogspot.com/
We believe that the USA prove on income as well as wealth shares for the altitude 1 pct is most consistent alongside a “superstar”-style explanation rooted inwards the importance of scale as well as skill-biased technological change. In particular, nosotros translate the fact that the altitude 1 pct is spread broadly across a diverseness of occupations every bit most consistent alongside an of import purpose for skill-biased technological modify as well as increased scale. These facts are less consistent alongside an declaration that the gains to the altitude 1 pct are rooted inwards greater managerial ability or changes inwards social norms nearly what managers should earn.
