We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We …

The U.S. has been experiencing a slowdown in measured labor productivity growth since 2004. A number of commentators … challenges to this “mismeasurement hypothesis.” First, the productivity slowdown has occurred in dozens of countries, and its … output” resulting from the productivity growth slowdown. The largest—by some distance—is less than one-third of the …

This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher … productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate …

productivity. I find that early scanners increased a store's labor productivity, on average, by approximately 4.5 percent in the …

How will a nation's aggregate urban productivity be affected by climate change? The joint distribution of climate … heterogeneous firms within an industry. Our analysis suggests that high productivity firms are more likely to adopt AC since they … suffer larger productivity losses when it is hot. Given that the most productive firms produce a disproportionate share of …

the causal effect of this flow on the productivity of their professors in mathematics departments across the United States … substantial increase in their productivity. Despite these sizable intra-ethnic knowledge spillovers, the relatively fixed size of … experienced a decline in the number of students they mentored and a concurrent decline in their research productivity. In fact …

productivity; (ii) the labor productivity of state-owned firms converged to that of private firms; (iii) the capital productivity … of state-owned firms remained significantly lower than that of private firms; and (iv) total factor productivity (TFP …

We investigate how the deterioration of household balance sheets affects worker productivity, and whether such effects …

national productivity than output per current worker, reflects the dual role of workforce participation and output per worker …