Replication data for: The Ongoing Evolution of US Retail: A Format Tug-of-War
Principal Investigator(s): View help for Principal Investigator(s) Ali Hortaçsu; Chad Syverson
Version: View help for Version V1
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Hortacsu_Syverson_JEP_Retail | 10/12/2019 06:06:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 02:06:PM |
Project Citation:
Hortaçsu, Ali, and Syverson, Chad. Replication data for: The Ongoing Evolution of US Retail: A Format Tug-of-War. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113962V1
Project Description
Summary:
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The past 15-20 years have seen substantial and visible changes in
the way US retail business is conducted. Explanations about what is
happening in the retail sector have been dominated by two powerful
and not fully consistent narratives: a prediction that retail sales will
migrate online and physical retail will be virtually extinguished, and a prediction that future shoppers will almost all be heading to giant
physical stores like warehouse clubs and supercenters. Although
online retail will surely continue to be a force shaping the sector
going forward and may yet emerge as the dominant mode of
commerce in the retail sector in the United States, its time for
supremacy has not yet arrived. We discuss evidence indicating that
the warehouse clubs/supercenter format has had a greater effect on
the shape of retail over the past 15-20 years. We begin with an
overview of the retail sector as a whole, which over the long term
has been shrinking as a share of total US economic activity and in
terms of relative employment share. The retail sector has
experienced stronger-than average productivity growth, but this has
not been accompanied by commensurate wage growth. After
discussing the important e-commerce and warehouse
clubs/supercenters segments, we look more broadly at changes
across the structure of the retail sector, including scale,
concentration, dynamism, and degree of urbanization. Finally, we
consider the likely future course of the retail sector.
Scope of Project
JEL Classification:
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D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
J31 Wage Level and Structure; Wage Differentials
L13 Oligopoly and Other Imperfect Markets
L25 Firm Performance: Size, Diversification, and Scope
L81 Retail and Wholesale Trade; e-Commerce
R32 Other Spatial Production and Pricing Analysis
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
J31 Wage Level and Structure; Wage Differentials
L13 Oligopoly and Other Imperfect Markets
L25 Firm Performance: Size, Diversification, and Scope
L81 Retail and Wholesale Trade; e-Commerce
R32 Other Spatial Production and Pricing Analysis
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