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  • 标题:Technical change and superstar effects: evidence from the roll-out of television
  • 本地全文:下载
  • 作者:Felix Koenig
  • 期刊名称:CEP Discussion Paper
  • 出版年度:2019
  • 卷号:2019
  • 语种:English
  • 出版社:Centre for Economic Performance
  • 摘要:Technical change that improves economies of scale can generate fast income growth among top earners at the expense of everyone else. I test this classic "superstar model" in the labor market for entertainers where the historic roll-out of television led to a natural experiment in scale-related technological change. The launch of a local TV station multiplied audiences of top entertainers nearly fourfold and resulted in a 50% increase of the top percentile's income share, a more right-skewed income distribution, and significant income losses for lower ranked entertainers. The results confirm the predictions of the "superstar model" and are at odds with canonical models of skill-biased technological change.
  • 关键词:Superstar Effect;inequality;top incomes;technical change
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