This paper studies the dynamic behaviour of changes in productivity, wages, and prices. Results are based on a new data … respond to the post-1972 productivity growth slowdown. The paper's analysis of productivity change confirms the real …-wage elasticity of labour input emphasized previously, but shows that the response of productivity to changes in the real wage, and to …

dynamic performance of the US economy before 1950. A comparison with the United Kingdom, still the world productivity leader …s and the 1940s. Furthermore, this earlier process of catching up was driven by the dynamic productivity performance of … exporter of manufactured goods not simply by catching-up in labour productivity terms, but by holding the growth of real wages …

following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ … from one where labour productivity is constant? 2) What is the impact on major macroeconomic indicators of a one …-time change in labour productivity growth? 3) What are the business cycle implications of autonomous (non-falsifiable) changes in …

may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …

The commonly accepted chronology for comparative productivity levels based on GDP data does not apply to the … manufacturing sector, where there is evidence of a much greater degree of stationarity of comparative labour productivity … compositional effects of structural change. The persistent large labour productivity gap between the US and Europe cannot be …

productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …

This paper uses information from a panel of Dutch firms to investigate the labour productivity effects of performance … related pay (PRP). We find that PRP increases labour productivity at the firm level with about 9%. …

comparative productivity performance in food products and beverages and in chemicals in East Germany is well above this average …, but the productivity level in machinery and equipment is below 20% of the West German level. The study deals with the … comparative output and productivity performance in the past five decades. It appears that even after adjustments of the East …

correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct …. In the basic RBC model, I find that hours worked fall and labour productivity rises after a positive permanent technology … positive permanent technology shock along with a rise in labour productivity that are in line with what the data suggests. …

This paper explores the role of replacement and innovation in shaping investment and productivity during episodes of … productivity under different innovative strategies. We find that productivity increases after an investment spike in innovative …