Showing 1 - 10 of 1,417
According to unpublished data compiled by BLS, productivity in the construction industry reached a peak in 1968 and … this productivity decline between 1968 and 1978 by estimating a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/10012477530
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/10012476814
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/10012453338
Aggregate data show a large and decades-long decline in construction sector productivity. This decline in such a large … sector has had a material effect on secular productivity growth for the economy as a whole. Prior work has focused on the … role of potential measurement problems in construction, particularly output deflators in the measurement of productivity …
Persistent link: https://www.econbiz.de/10013537739
Prevailing wage laws, which require that construction workers employed by private contractors on public projects be paid at least the wages and benefits that are "prevailing" for similar work in or near the locality in which the project is located, have been the focus of an extensive policy...
Persistent link: https://www.econbiz.de/10012471329
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/10012477051
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/10012477962
The primary goal of our paper is to quantify the importance of imperfect competition in the U.S. 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...
Persistent link: https://www.econbiz.de/10012481519
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/10012464791
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/10012466878