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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. 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


“A vivid, comprehensive account of the causes and consequences of the recent rise of market power written by a world-renowned expert in the field, The Profit Paradox combines deep economic insight with examples from everyday life that will captivate nonspecialist audiences as much as economists.” — Pinelopi Goldberg, Yale University, former Chief Economist of the World Bank

“The Profit Paradox is a timely and valuable addition to the national conversation on monopolies and competition. Jan Eeckhout does a masterful job of linking long-running macroeconomic trends to the lives of individual workers and consumers. The book is one of the first clear and engaging explanations of how many of the most problematic features of the modern economy are causally related.” — Fiona Scott Morton, Yale University

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
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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
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Matching Information

H. Chade, J. Eeckhout
Theoretical Economics 13, 2018, 377-414
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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
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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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COMMENTARY

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Book Review: The Great Reversal, by Thomas Philippon

J. Eeckhout
Journal of Economic Literature, forthcoming, 2021
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Comment on Azar and Vives' Walras-Bowley Lecture

J. Eeckhout
Econometrica, forthcoming, 2021
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Comment on: Diverging Trends in National and Local Concentration
By E Rossi-Hansberg, P Sarte, N Trachter

J. Eeckhout
NBER Macroeconomics Annual 35, forthcoming, 2021
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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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Wealth, Marriage, and Sex Selection

G. Borker, J. Eeckhout, N. Luke, S. Minz, K. Munshi, S. Swaminathan
R&R Review of Economic Studies
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Global Market Power

J. De Loecker, J. Eeckhout
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Quantifying Market Power

J. De Loecker, J. Eeckhout, S. Mongey
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Optimal Taxation and Market Power

J. Eeckhout, C. Fu, W. Li, X. Weng
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Market Power and Wage Inequality

S. Deb, J. Eeckhout, A. Patel, L. Warren
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The Macroeconomics of Market Power and Monopsony

S. Deb, J. Eeckhout, L. Warren
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The Technological Origins of the Decline in Labor Market Dynamism

J. Eeckhout, X. Weng
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Urban Job Polarization. How IT has increased Inequality within and between Cities

J. Eeckhout, C. Hedtrich, R. Pinheiro
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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
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Green Urbanization

J. Eeckhout, C. Hedtrich
R&R PLOS One
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PEOPLE

TEACHING

Topics in Labor Markets (Ph.D.)

syllabus · presentation

Bojos per l’Economía

presentation

Topics in Macro (Undergraduate)

presentation

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