How Boys Become Entrepreneurs at the Dinner Table

New research from Hans K. Hvide and Paul Oyer has uncovered some interesting facts about men who start businesses: most of them do it in the same or related industries as their fathers work in, although entrepreneurs with higher IQs are less likely to follow their dads. Ones who do pick their fathers’ industries, however, outperform competing entrepreneurs. Here, the authors examine why.  

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New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is

In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy, labor markets are highly concentrated and that this concentration is also correlated to lower wages, suggesting that employers are indeed exercising monopsony power and driving down pay.  

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