Based on Baumol’s cost-disease model, we develop two alternative measures of the change in the productivity of … schooling. Both productivity measures are based on changes in the relative price of schooling. We find that in most OECD … countries the price of schooling has increased faster in 1970-94 than would be compatible with constant schooling productivity …

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

Countries with the highest labor productivity overwhelmingly lie in the world's temperate climatic zones far away from … correlated with labor productivity after other variables are taken into account. We find that climatic conditions do not have a … significant impact on labor productivity once we control for factor accumulation and cultural diversity within countries. Our …