
Assistant Chief Economist
Benjamin R. Bridgman
Education
Areas of Interest
Public enterprise and the rise and fall of labor share
Benjamin R. Bridgman and Ryan Greenaway-McGrevy
Is Productivity on Vacation? The Impact of the Digital Economy on the Value of …
Benjamin R. Bridgman
Benjamin R. Bridgman
Benjamin R. Bridgman , Georg Duernecker , and Berthold Herrendorf
Market Entry Mode: Evidence from the Golden Age of Hollywood
Benjamin R. Bridgman
Home Productivity
Benjamin R. Bridgman
We provide evidence on household and market production in 36 countries since 1960. On average the household sector accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in total hours worked initially declines and then hardly changes while the employment shares of market goods and services decrease and increase. Estimating the value added of household production yields similar patterns. Labor productivity of household production is lower than and positively correlated with that in the market. These findings can be used as an input into quantitative work involving household production.
Benjamin R. Bridgman , Georg Duernecker , and Berthold Herrendorf
Labor share has been falling since the 1970s. I show that U.S. labor share has not fallen as much once items that do not add to capital, depreciation and production taxes, are netted out. Recent net labor share is within its historical range whereas gross share is at its lowest level. This effect holds for other large economies, even undoing the fall in labor share in some cases. The overall picture is no longer one of unprecedented, globally declining labor share.
Published in Macroeconomic Dynamics, December 2018 "Is Labor's Loss Capital's Gain? Gross versus Net Labor Shares"
Benjamin R. Bridgman
Do Intangible Assets Explain High U.S. Foreign Investment Returns?
Benjamin R. Bridgman
International Supply Chains and the Volatility of Trade
Benjamin R. Bridgman
Market Entry and Trade Weighted Import Costs
Benjamin R. Bridgman
The Rise of Vertical Specialization Trade
Benjamin R. Bridgman
Heterogeneous Car Buyers: A Stylized Fact
Benjamin R. Bridgman , Ana M. Aizcorbe , and Jeremy J. Nalewaik
International Supply Chains and the Volatility of Trade (PDF)
Benjamin R. Bridgman
Energy Prices and the Expansion of World Trade
Benjamin R. Bridgman
Do Intangible Assets Explain High U.S. Foreign Direct Investment Returns? (PDF)
Benjamin R. Bridgman
Vested Interests and Technology Adoption
Benjamin R. Bridgman