: National Bureau of Economic Research, December; revised February 2019); Evan Starr, J.J. Prescott, and Norman Bishara, “Noncompetes in the U.S. Labor Force,” University of Michigan Law and Economics Research Paper Series 18-013 (Ann Arbor, Mich.: University of Michigan Law School, April); Sandeep Vaheesan (forthcoming), “Accommodating Capital and Policing Labor: Antitrust in the Two Gilded Ages,” Maryland Law Review; and David Autor, David Dorn, Lawrence F. Katz, Christina Patterson, and John Van Reenen (2017), “The Fall of the Labor Share and the Rise of Superstar Firms,” NBER Working Paper Series 23396 (Cambridge, Mass.
The forecasted performance for this year is about 1/4 percentage point below that projected in February, the difference being largely the result of weaker-than-expected residential construction activity this year.