Diverging Trends in National and Local Concentration
Chapter in forthcoming NBER book NBER Macroeconomics Annual 2020, volume 35, Martin Eichenbaum and Erik Hurst, editors
---- Disclosure of Financial Relationships for Esteban Rossi-Hansberg ----
Rossi-Hansberg was a long-term consultant at the Richmond Fed while writing parts of this paper. This relationship did not affect the research or conclusions presented in the paper.