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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. Translated in Chinese, Spanish, Dutch, Italian, Korean, Japanese, 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

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Optimal Taxation and Market Power

J. Eeckhout, C. Fu, W. Li, X. Weng
American Economic Review, 2025, accepted
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The Value and Profits of Firms

J. Eeckhout
Journal of the European Economic Association, 23(1), 2025, 52-118
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Media: VoxEU
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The Technological Origins of the Decline in Labor Market Dynamism

J. Eeckhout, X. Weng
Journal of Economic Dynamics and Control, 169, 2024, 104962
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IT and Urban Polarization

J. Eeckhout, C. Hedtrich, R. Pinheiro
American Economic Journal: Macroeconomics, 2024, forthcoming
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Media: VoxEU
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Market Power and Wage Inequality

S. Deb, J. Eeckhout, A. Patel, L. Warren
Econometrica 92(3), 2024, 603-636
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Comment G. Violante · Comment J. Van Reenen · Reply
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The Effect of Wealth on Worker Productivity

J. Eeckhout, A. Sepahsalari
Review of Economic Studies 91(3), 2024, 1584–1633
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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
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Assortative Learning

J. Eeckhout, X. Weng
Economica 89, 2022, 647-688
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Green Urbanization

J. Eeckhout, C. Hedtrich
PLoS ONE 16(11), 2021
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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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Media: AEA Research Highlights
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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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Market Power and Labor Market Inequality

J. Eeckhout
IFS Deaton Review of Inequalities, April 2022
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Dominant Firms in the Digital Age

J. Eeckhout
UBS Center for Economics in Society, Public Paper, November 2022
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Book Review: The Great Reversal, by Thomas Philippon

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

J. Eeckhout
Econometrica 89(3), 2021, 1049-1053
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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, 2021
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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
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Data and Markups: A Macro-Finance Perspective

J. Eeckhout, L. Veldkamp
BibTex · Media: VoxEU

Manager Pay Inequality and Market Power

R. Bao, J. De Loecker, J. Eeckhout
BibTex · Media: VoxEU

Global Market Power

J. De Loecker, J. Eeckhout
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Do Incentives or Competition Determine Managers' Wages?

H. Chade, J. Eeckhout
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Wealth, Marriage, and Sex Selection

G. Borker, J. Eeckhout, N. Luke, S. Minz, K. Munshi, S. Swaminathan
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Optimal Spatial Taxation: Are Big Cities too Small?

J. Eeckhout, N. Guner
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Stochastic Sorting

H. Chade, J. Eeckhout
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PEOPLE

 

TEACHING

Topics in Labor Markets (Ph.D.)

syllabus · presentation

Bojos per l’Economía

presentation

Topics in Macro (Undergraduate)

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