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The 21st century global decline in productivity growth is not well understood. One possible contributor is a decline in … economic dynamism. We explore the contribution of firm formation and employee movement to productivity using administrative … working proprietors, to study the relationships among entry, worker flows and firm productivity. Entrants are more productive …
Persistent link: https://www.econbiz.de/10012925878
According to unpublished data compiled by BLS, productivity in the construction industry reached a peak in 1968 and … this productivity decline between 1968 and 1978 by estimating a production function to assign weights to various factors … responsible for productivity change and deriving a new price deflator for construction which does not rely on labor or material …
Persistent link: https://www.econbiz.de/10013235630
Previous studies using micro data to estimate the impact of unions on productivity in construction in the early 1970's … have found productivity to be higher for union than nonunion contractors in the private sector. The validity of these …-nonunion productivity differences over a sample of retail stores and shopping centers built in the late 1970's. It finds that square footage …
Persistent link: https://www.econbiz.de/10013214611
The efficiency of common law rules is central to achieving efficient resource allocation in a market economy. While many theories suggest reasons why judge-made law should tend toward efficient rules, the question whether the common law actually does converge in commercial areas has remained...
Persistent link: https://www.econbiz.de/10012772379
This paper summarizes important developments in collective bargaining in the construction industry in the 1980s and 1990s. Workers in the industry have experienced high unemployment and a 17 percent drop in real wages. Union density has declined from 33 percent in 1981 to 22 percent in 1992,...
Persistent link: https://www.econbiz.de/10013233864
The main findings of this paper are that despite the existence of various affirmative action programs designed to improve the position of women and minorities in public construction, little has changed in the last twenty five years. We present evidence showing that where race conscious...
Persistent link: https://www.econbiz.de/10013237950
This paper examines the difference in productivity between union and nonunion contractors in the construction industry … belief that the building trades unions reduce productivity in the industry is soundly rejected in both samples. Square …-nonunion productivity difference in the school sample range from zero (when output is measured in physical units) to 20 percent greater for …
Persistent link: https://www.econbiz.de/10013247440
We use a large project-level dataset to estimate the length of the planning period for commercial construction projects in the United States. We find that these time-to-plan lags are long, averaging about 17 months when we aggregate the projects without regard to size and more than 28 months...
Persistent link: https://www.econbiz.de/10013063051
We quantify the importance of imperfect competition in the US construction industry by estimating the size of rents earned by American firms and workers. To obtain a comprehensive measure of the total rents and to understand its sources, we take into account that rents may arise due to markdown...
Persistent link: https://www.econbiz.de/10013299171
This paper examines the effect of unions on efficiency by estimating cost function systems over three different sets of construction projects. The results show that union contractors have greater economies of scale. This gives them a cost advantage in large commercial office buildings, but in...
Persistent link: https://www.econbiz.de/10013309365