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Making Do With Less: Working Harder During Recessions
Lazear, Edward; Shaw, Kathryn L.; Stanton, Christopher - National Bureau of Economic Research (NBER) - 2013
There are two obvious possibilities that can account for the rise in productivity during recent recessions. The first is that the decline in the workforce was not random, and that the average worker was of higher quality during the recession than in the preceding period. The second is that each...
Persistent link: https://www.econbiz.de/10010969215
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Robots: Curse or Blessing? A Basic Framework
Sachs, Jeffrey D.; Benzell, Seth G.; LaGarda, Guillermo - National Bureau of Economic Research (NBER) - 2015
Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net...
Persistent link: https://www.econbiz.de/10011252658
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The Role of Labor Market Changes in the Slowdown of European Productivity Growth
Gordon, Robert J.; Dew-Becker, Ian - National Bureau of Economic Research (NBER) - 2008
slowdown was largely offset by faster growth in employment per capita, leaving little difference in growth of output per capita … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment … between productivity and employment growth, and we show that there is a robust negative correlation between productivity and …
Persistent link: https://www.econbiz.de/10005777505
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International Differences in the Adoption and Impact of New Information Technologies and New HR Practices: The Valve-Making Industry in the U.S. and U.K.
Bartel, Ann; Ichniowski, Casey; Shaw, Kathryn; Correa, … - National Bureau of Economic Research (NBER) - 2007
This paper compares the impact of new IT-enhanced technology on the efficiency of production in the U.S. and the U.K. for one manufacturing industry, valve manufacturing. There is a long-standing question of whether technological change and organizational changes have the same rates of adoption...
Persistent link: https://www.econbiz.de/10005778666
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The Effect of Employment Protection on Labor Productivity
Bjuggren, Carl Magnus - Institutet för Näringslivsforskning (IFN) - 2015
The theoretical predictions of how employment protection affects firm productivity are ambiguous. In this paper I study … the effect of employment protection rules on labor productivity using micro data on Swedish firms. A reform of the … employment protection rules in 2001 made it possible for small firms with less than eleven employees to exempt two workers from …
Persistent link: https://www.econbiz.de/10011261209
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Robots Are Us: Some Economics of Human Replacement
Kotlikoff, Laurence; Benzell, Seth G.; LaGarda, Guillermo; … - National Bureau of Economic Research (NBER) - 2015
Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the...
Persistent link: https://www.econbiz.de/10011170273
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Education Policy and Intergenerational Transfers in Equilibrium
Meghir, Costas; Abbott, Brant; Gallipoli, Giovanni; … - National Bureau of Economic Research (NBER) - 2013
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving...
Persistent link: https://www.econbiz.de/10010607944
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An Empirical Model of Growth Through Product Innovation
Lentz, Rasmus; Mortensen, Dale T. - National Bureau of Economic Research (NBER) - 2005
value added, employment, and wages. The model's fit is good and the structural parameter estimates have interesting …
Persistent link: https://www.econbiz.de/10005061559
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Labor Market Polarization Over the Business Cycle
Foote, Christopher Lee; Ryan, Richard W. - National Bureau of Economic Research (NBER) - 2015
to cyclical changes in middle-skill employment? We find that middle-skill occupations have traditionally been more …. Unemployed middle-skill workers also appear to have few attractive or feasible employment alternatives outside of their skill … middle-skill employment fluctuations should include industry-level employment effects and a labor force participation margin …
Persistent link: https://www.econbiz.de/10011207907
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What Determines Productivity?
Syverson, Chad - National Bureau of Economic Research (NBER) - 2010
Economists have shown that large and persistent differences in productivity levels across businesses are ubiquitous. This finding has shaped research agendas in a number of fields, including (but not limited to) macroeconomics, industrial organization, labor, and trade. This paper surveys and...
Persistent link: https://www.econbiz.de/10008627119