Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2008
Labor productivity in developed countries is analyzed and modeled. Modeling is based on our previous finding that the … rate of labor force participation is a unique function of GDP per capita. Therefore, labor productivity is fully determined … for the U.S. The evolution of labor force productivity is predictable at least at an 11-year horizon. …