U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage … in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the …

productivity so the paper examines the link between unions and productivity finding only a small association by the end of the 1990 …

decisions, firm entry and exit, and transitory firm productivity shocks are incorporated into the model …

matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete … demonstrate that productivity changes in the model---in steady state as well as stochastic ones---generate rather limited …

Mortensen-Pissarides model to allow for informational rents. Productivity is subject to publicly observed aggregate shocks, and … the idiosyncratic shocks are not too large. The main result is that small fluctuations in productivity that are privately …

Matched employer-employee data exhibits both wage and productivity dispersion across firms and suggest that a linear … relationship holds between the average wage paid and a firm productivity. The purpose of this paper is to demonstrate that these … facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed …