Download full text
(393.1Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-61214-4
Exports for your reference manager
Consumption Dispersion Between White-Collar and Blue-Collar Workers and Rising Market Concentration in the USA: 1984-2011
[working paper]
Corporate Editor
Universität Hamburg, Fak. Wirtschafts- und Sozialwissenschaften, FB Sozialökonomie, Zentrum für Ökonomische und Soziologische Studien (ZÖSS)
Abstract The relationship between consumption inequality (between two groups) and market concentration has hitherto been absent from the literature. This paper argues that consumption dispersion between white-collar and blue-collar workers has caused increased market concentration in the USA in a direct and ... view more
The relationship between consumption inequality (between two groups) and market concentration has hitherto been absent from the literature. This paper argues that consumption dispersion between white-collar and blue-collar workers has caused increased market concentration in the USA in a direct and long-term structural manner. Using data from the Consumption Expenditure Survey (CES) and the St. Louis Fed's FRED datasets, the argument is empirically analyzed based on yearly data for the period 1984-2011 in the USA. The results confirm the existence of a long-term relationship of causality. Applying a vector auto regressive (VAR) model to the data, we find that the variance in market concentration markup due to consumption dispersion starts to rise after the fourth period and reaches 41% in the tenth period.... view less
Keywords
consumption; salaried employee; worker; market; inequality; twentieth century; twenty-first century; United States of America
Classification
National Economy
Sociology of Work, Industrial Sociology, Industrial Relations
Free Keywords
Marktkonzentration; market concentration
Document language
English
Publication Year
2019
City
Hamburg
Page/Pages
13 p.
Series
ZÖSS Discussion Paper, 72
ISSN
1868-4947
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications