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The mechanism is that productivity dispersion effectively shields high\u2010productivity firms from wage competition. Regression evidence from cross\u2010country and cross\u2010industry data supports both the model prediction and mechanism.<\/jats:p>","DOI":"10.3982\/ecta18612","type":"journal-article","created":{"date-parts":[[2022,11,14]],"date-time":"2022-11-14T08:47:18Z","timestamp":1668415638000},"page":"2755-2793","source":"Crossref","is-referenced-by-count":53,"title":["Productivity Dispersion, Between\u2010Firm Competition, and the Labor Share"],"prefix":"10.3982","volume":"90","author":[{"given":"\u00c9milien","family":"Gouin-Bonenfant","sequence":"first","affiliation":[{"name":"Department of Economics, Columbia University"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2022]]},"reference":[{"key":"ecta200508-bib-0001","doi-asserted-by":"crossref","first-page":"251","DOI":"10.1111\/1468-0262.00020","volume":"67","author":"Abowd","year":"1999","journal-title":"Econometrica"},{"key":"ecta200508-bib-0002","unstructured":"Achdou, Yves, Francisco Buera, Jean-Michel Lasry, Pierre-Louis Lions, and Benjamin Moll (2014): \u201cPDE Models in Macroeconomics,\u201d Proceedings of the Royal Society of London. 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