NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Industrial Revolution in Services

Chang-Tai Hsieh, Esteban Rossi-Hansberg

NBER Working Paper No. 25968
Issued in June 2019

---- Acknowledgments ----

We thank Feng Lin, Harry Li, and Jihoon Sung for extraordinary research assistance. We also thank Rodrigo Adao, Audre Bagnall, Dan Adelman, Pete Klenow, Raghuram Rajan, Richard Rogerson, and Chad Syverson for helpful discussions. The data from the US Census has been reviewed by the U.S. Census Bureau to ensure no confidential information is disclosed. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- 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.

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