adjustment makes pass-through statistics easier to account for with existing general equilibrium models. …

We distinguish the impact of information technology adoption on information processing costs and agency costs by …

A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But … our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income … distribution enjoyed a growth rate of real wage and salary income equal to or above the average rate of economy-wide productivity …

We build on the Maddison GDP data to assemble international time series from before 1914 on real per capita personal … consumer expenditure, C. We also improve the GDP data in many cases. The C variable comes closer than GDP to the consumption …-durables is feasible for only a minority of cases.) We have essentially full annual data on C for 22 countries and GDP for 35 …

This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi …-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the … in early 1962 down to 1.25 percent in late 1979 and recovered to 2.45 percent in 2002. Our results on productivity trends …