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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
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-factor productivity (MFP) growth for the United States since 1870. The wave-like pattern starts with slow MFP growth in the late 19th …, there is no solution to the post-1972 productivity slowdown, and in the new data MFP growth during 1972-96 proceeds at a … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown …
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wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …
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Species extinctions and ecological degradation are accelerating to a degree unprecedented in human history. We present causal evidence on the economic drivers of biodiversity loss using a novel panel dataset on the types and quantities of wildlife at thousands of locations across the U.S. from...
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We provide a comprehensive overview of codetermination, i.e., worker representation in firms' governance and management. We cover the institution's history, implementation, and the best available evidence on its economic impacts. We argue that existing quasiexperimental estimates suggest that...
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