News

The Profit Paradox. How Thriving Firms Threaten the Future of Work

Princeton University Press, June 2021.

Visit www.TheProfitParadox.com for more information and for the data used in the book. Translated in Chinese, Spanish, Dutch, Italian, Korean, and Catalan. Here are some opinions:

"Provocative, ambitious, and pitch-perfect for this moment. Eeckhout shows how the rise of mega-profitable superstar corporations makes us all poorer.” — David Autor, MIT


 

PUBLICATIONS

UCL-map

IT and Urban Polarization

J. Eeckhout, C. Hedtrich, R. Pinheiro
American Economic Journal: Macroeconomics forthcoming, 2024
BibTex
Media: VoxEU
UCL-map

Market Power and Wage Inequality

S. Deb, J. Eeckhout, A. Patel, L. Warren
Econometrica forthcoming, 2024
BibTex · presentation
UCL-map

The Effect of Wealth on Worker Productivity

J. Eeckhout, A. Sepahsalari
Review of Economic Studies 91(3), 2024, 1584–1633
BibTex · presentation
UCL-map

What drives Wage Stagnation: Monopsony or Monopoly?

S. Deb, J. Eeckhout, A. Patel, L. Warren
Journal of the European Economic Association 20(6), 2022, 2181-2225
BibTex
UCL-map

Assortative Learning

J. Eeckhout, X. Weng
Economica 89, 2022, 647-688
BibTex
UCL-map

Green Urbanization

J. Eeckhout, C. Hedtrich
PLoS ONE 16(11), 2021
BibTex
UCL-map

The Rise of Market Power and the Macroeconomic Implications

J. De Loecker, J. Eeckhout, G. Unger
Quarterly Journal of Economics 135(2), 2020, 561-644 (lead article)
BibTex · presentation · replication data · online appendix · NBER 2017 version
Media: Economist · WSJ · FT · NYT · Bloomberg · Reuters · Quartz · HBR · Pro Market · Noahpinion · Marginal Revolution · Growth Economics · Vox · NYT (2018)

UCL-map

Competing Teams

H. Chade, J. Eeckhout
Review of Economic Studies 87(3), 2020, 1134-1173
BibTex · presentation
UCL-map

Unemployment Cycles

J. Eeckhout, I. Lindenlaub
American Economic Journal: Macroeconomics 11(4), 2019, 175-234
BibTex · presentation
Media: AEA Research Highlights
UCL-map

Assortative Matching with Large Firms

J. Eeckhout, P. Kircher
Econometrica 86(1), 2018, 85-132
BibTex · presentation
UCL-map

Sorting in the Labor Market

J. Eeckhout
Annual Review of Economics 10, 2018, 1-29
BibTex
UCL-map

Matching Information

H. Chade, J. Eeckhout
Theoretical Economics 13, 2018, 377-414
BibTex · presentation
UCL-map

Sorting Through Search and Matching Models in Economics

H. Chade, J. Eeckhout, L. Smith
Journal of Economic Literature 55(2), 2017, 493-544
BibTex
UCL-map

Common Value Experimentation

J. Eeckhout, X. Weng
Journal of Economic Theory 160, 2015, 317-339
BibTex
UCL-map

Spatial Sorting

J. Eeckhout, R. Pinheiro, K. Schmidheiny
Journal of Political Economy 122(3), 2014, 554-620
BibTex · presentation
UCL-map

Diverse Organizations and the Competition for Talent

J. Eeckhout, R. Pinheiro
International Economic Review 55(3), 2014, 625-664
BibTex · presentation
UCL-map

Occupational Choice and Development

J. Eeckhout, B. Jovanovic
Journal of Economic Theory 147(2), 2012, 657-683
BibTex · presentation
UCL-map

Identifying Sorting – In Theory

J. Eeckhout, P. Kircher
Review of Economic Studies 78, 2011, 872-906
BibTex · presentation
UCL-map

Sorting and Decentralized Price Competition

J. Eeckhout, P. Kircher
Econometrica, 78(2), 2010, 539-574
BibTex · presentation
UCL-map

A Theory of Optimal Crackdowns

J. Eeckhout, N. Persico, P. Todd
American Economic Review 100, 2010, 1104-1135
BibTex · presentation
UCL-map

Sorting vs Screening: Search Frictions and Competing Mechanisms

J. Eeckhout, P. Kircher
Journal of Economic Theory 145, 2010, 1354-1385
BibTex · presentation
UCL-map

Matching in Informal Financial Institutions

J. Eeckhout, K. Munshi
Journal of the European Economic Association 8(5), 2010, 947-988
BibTex · presentation
UCL-map

Gibrat’s Law for (All) Cities: Reply

J. Eeckhout
American Economic Review 99, 2009, 1676-1683
BibTex
UCL-map

Bargaining over Public Goods

J. Dávila, J. Eeckhout, C. Martinelli
Journal of Public Economic Theory 11(6), 2009, 927-945
BibTex
UCL-map

Competitive Bargaining Equilibrium

J. Dávila, J. Eeckhout
Journal of Economic Theory 139(1), 2008, 269-294
BibTex · presentation
UCL-map

Minorities and Endogenous Segregation

J. Eeckhout
Review or Economic Studies 73(1) No. 254, 2006, 31-53
BibTex
UCL-map

Gibrat’s Law for (All) Cities

J. Eeckhout
American Economic Review 94(5), 2004, 1429-1451
BibTex
UCL-map

Indeterminacy and Directed Search

M. Coles, J. Eeckhout
Journal of Economic Theory 111, 2003, 265-276
BibTex
UCL-map

Knowledge Spillovers and Inequality

J. Eeckhout, B. Jovanovic
American Economic Review 92(5), 2002, 1290-1307
BibTex
UCL-map

On the uniqueness of Stable Marriage Matchings

J. Eeckhout
Economics Letters 2000, 1-8
BibTex
UCL-map

Bilateral Search and Vertical Heterogeneity

J. Eeckhout
International Economic Review 40, 1999, 869-888
BibTex
UCL-map

Educational Mobility: the Effect on Efficiency and Distribution

J. Eeckhout
Economica 66, 1999, 317-333
BibTex

 

COMMENTARY

UCL-map

Market Power and Labor Market Inequality

J. Eeckhout
IFS Deaton Review of Inequalities, April 2022
BibTex
UCL-map

Dominant Firms in the Digital Age

J. Eeckhout
UBS Center for Economics in Society, Public Paper, November 2022
BibTex
UCL-map

Book Review: The Great Reversal, by Thomas Philippon

J. Eeckhout
Journal of Economic Literature, December 2021
BibTex
UCL-map

Comment on Azar and Vives' Walras-Bowley Lecture

J. Eeckhout
Econometrica 89(3), 2021, 1049-1053
BibTex
UCL-map

Comment on: Diverging Trends in National and Local Concentration
By E Rossi-Hansberg, P Sarte, N Trachter

J. Eeckhout
NBER Macroeconomics Annual 35, 2021
BibTex

Pharmaceutical giants control the US market and therefore cheap Viagra generics cannot quickly get into city pharmacies, regardless of the quality of the drug.

 

 

WORKING PAPERS

Quantifying Market Power and Business Dynamism in the Macroeconomy

J. De Loecker, J. Eeckhout, S. Mongey
BibTex

Optimal Taxation and Market Power

J. Eeckhout, C. Fu, W. Li, X. Weng
BibTex

Data and Markups: A Macro-Finance Perspective

J. Eeckhout, L. Veldkamp
BibTex

Instantaneous Inflation

J. Eeckhout
BibTex
Media: Economist

Manager Pay Inequality and Market Power

R. Bao, J. De Loecker, J. Eeckhout
BibTex

Global Market Power

J. De Loecker, J. Eeckhout
BibTex

 

Wealth, Marriage, and Sex Selection

G. Borker, J. Eeckhout, N. Luke, S. Minz, K. Munshi, S. Swaminathan
BibTex · presentation

Do Incentives or Competition Determine Managers' Wages?

H. Chade, J. Eeckhout
BibTex

Optimal Spatial Taxation: Are Big Cities too Small?

J. Eeckhout, N. Guner
R&R Journal of the European Economic Association
BibTex · presentation

Stochastic Sorting

H. Chade, J. Eeckhout
BibTex · presentation

The Technological Origins of the Decline in Labor Market Dynamism

J. Eeckhout, X. Weng
BibTex

 

PEOPLE

 

TEACHING

Topics in Labor Markets (Ph.D.)

syllabus · presentation

Bojos per l’Economía

presentation

Topics in Macro (Undergraduate)

presentation

 

VIDEO