As a firm starts to dominate a market, the firm changes its business strategy from innovation to influence-seeking (known as rent-seeking). This figure charts the number of politicians per 100 white-collar employees. As firms get larger they become more politically connected; at the same time, these firms become less innovation intensive.
Leadership Paradox: Market Rank, Innovation, and Political Connection
Research Brief • Apr 30, 2019
Tax-Related Human Capital: Evidence from Employee Movements
While there has been considerable research about the determinants and consequences of corporate tax planning...
Topics: Employment & Wages, Tax & Budget
video • Apr 25, 2019
Labor, Jobs, and the Modern Economy: A Conversation with Chicago Booth Professor Erik Hurst
The Becker Friedman Institute for Economics (BFI), the Chicago Economics Society (CES), and the Booth...
Topics: Employment & Wages