News

ERC Advanced Grant 2020

I am lucky and very pleased to receive a new 1.6M€ ERC Advanced Grant. I will study the effect of Market Power on wage inequality as well as the technological origins of the rise in Market Power.

The Rise of Market Power: Published

J. De Loecker, J. Eeckhout, G. Unger ''The Rise of Market Power and the Macroeconomic Implications'' published in QJE.
You can access the replication data at the QJE website. The August 2017 version: NBER working paper.

R&R Review of Economic Studies

J Eeckhout and A Sepahsalari ''The Effect of Wealth on Worker Productivity'' is now R&R at REStud. We show how asset holdings affect job search. To better smooth consumption, low asset holders search for low wage, low productivity jobs because those have a higher acceptance probability.

Competing Teams: Published

H. Chade, J. Eeckhout ''Competing Teams'' is now published in the May issue of the Review of Economic Studies. Among other things, we show theoretically how an increase in between-firm inequality drives the rise in wage inequality, while within-firm inequality remains constant; all this is consistent with the facts observed in the data.

Global Market Power

This paper documents the evolution of markups for 134 countries around the world.

Media coverage:

The Economist (1) · Bloomberg · The Economist (2) · Brookings · Investor's Chronicle · Quartz

Econometric Society Fellow

The ES announces that I become a fellow. It is quite an honor.

PUBLICATIONS

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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)

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Competing Teams

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

J. Eeckhout, I. Lindenlaub
American Economic Journal: Macroeconomics 11(4), 2019, 175-234
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Assortative Matching with Large Firms

J. Eeckhout, P. Kircher
Econometrica 86(1), 2018, 85-132
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Sorting in the Labor Market

J. Eeckhout
Annual Review of Economics 10, 2018, 1-29
BibTex
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Matching Information

H. Chade, J. Eeckhout
Theoretical Economics 13, 2018, 377-414
BibTex · presentation
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Sorting Through Search and Matching Models in Economics

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

J. Eeckhout, X. Weng
Journal of Economic Theory 160, 2015, 317-339
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Spatial Sorting

J. Eeckhout, R. Pinheiro, K. Schmidheiny
Journal of Political Economy 122(3), 2014, 554-620
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Diverse Organizations and the Competition for Talent

J. Eeckhout, R. Pinheiro
International Economic Review 55(3), 2014, 625-664
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Occupational Choice and Development

J. Eeckhout, B. Jovanovic
Journal of Economic Theory 147(2), 2012, 657-683
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Identifying Sorting – In Theory

J. Eeckhout, P. Kircher
Review of Economic Studies 78, 2011, 872-906
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Sorting and Decentralized Price Competition

J. Eeckhout, P. Kircher
Econometrica, 78(2), 2010, 539-574
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A Theory of Optimal Crackdowns

J. Eeckhout, N. Persico, P. Todd
American Economic Review 100, 2010, 1104-1135
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Sorting vs Screening: Search Frictions and Competing Mechanisms

J. Eeckhout, P. Kircher
Journal of Economic Theory 145, 2010, 1354-1385
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Matching in Informal Financial Institutions

J. Eeckhout, K. Munshi
Journal of the European Economic Association 8(5), 2010, 947-988
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Gibrat’s Law for (All) Cities: Reply

J. Eeckhout
American Economic Review 99, 2009, 1676-1683
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Bargaining over Public Goods

J. Dávila, J. Eeckhout, C. Martinelli
Journal of Public Economic Theory 11(6), 2009, 927-945
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Competitive Bargaining Equilibrium

J. Dávila, J. Eeckhout
Journal of Economic Theory 139(1), 2008, 269-294
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Minorities and Endogenous Segregation

J. Eeckhout
Review or Economic Studies 73(1) No. 254, 2006, 31-53
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Gibrat’s Law for (All) Cities

J. Eeckhout
American Economic Review 94(5), 2004, 1429-1451
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Indeterminacy and Directed Search

M. Coles, J. Eeckhout
Journal of Economic Theory 111, 2003, 265-276
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Knowledge Spillovers and Inequality

J. Eeckhout, B. Jovanovic
American Economic Review 92(5), 2002, 1290-1307
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On the uniqueness of Stable Marriage Matchings

J. Eeckhout
Economics Letters 2000, 1-8
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Bilateral Search and Vertical Heterogeneity

J. Eeckhout
International Economic Review 40, 1999, 869-888
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Educational Mobility: the Effect on Efficiency and Distribution

J. Eeckhout
Economica 66, 1999, 317-333
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WORKING PAPERS

The Effect of Wealth on Worker Productivity

J. Eeckhout, A. Sepahsalari
R&R Review of Economic Studies
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Global Market Power

J. De Loecker, J. Eeckhout
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Optimal Spatial Taxation: Are Big Cities too Small?

J. Eeckhout, N. Guner
R&R Journal of the European Economic Association
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Stochastic Sorting

H. Chade, J. Eeckhout
BibTex · presentation

Wealth, Marriage, and Sex Selection

G. Borker, J. Eeckhout, N. Luke, S. Minz, K. Munshi, S. Swaminathan
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PEOPLE

TEACHING

Topics in Labor Markets (Ph.D.)

syllabus · presentation

Bojos per l’Economía

presentation

Topics in Macro (Undergraduate)

presentation

VIDEO