Minneapolis Fed: US relies on large firms for productivity gains
A paper published by the Minneapolis Federal Reserve this month examines the employment size distribution of firms in the US to better understand why the average size of employment distributions in the US appears to be stationary despite employment distribution of individual firms tending to be highly non-stationary.
According to existing literature, employment within firms can be large due to high productivity and face only weak decreasing returns to scale. They may also be marginally more
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