Showing 1 - 10 of 967
We document a Kuznets curve for construction productivity in 20th-century America. Homes built per construction worker … remained stagnant between 1900 and 1940, boomed after World War II, and then plummeted after 1970. The productivity boom from … consistent with an extensive series of key facts about the nature of the construction sector. The post-1970 productivity decline …
Persistent link: https://www.econbiz.de/10015145139
According to unpublished data compiled by BLS, productivity in the construction industry reached a peak in 1968 and … this productivity decline between 1968 and 1978 by estimating a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
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
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
We examine the extent to which uncertainty delays investment and the effect of competition on this relationship using a sample of 1,214 condominium developments in Vancouver, Canada built from 1979-1998. We find that increases in both idiosyncratic and systematic risk lead developers to delay...
Persistent link: https://www.econbiz.de/10012466179
erosion of the productivity advantage of union contractors, which dropped substantially between 1972 and 1977 and vanished by …
Persistent link: https://www.econbiz.de/10012476748
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
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 estimates the effect of union work rules in the building trades on employment and costs by comparing factor demand elasticities for union and nonunion contractors and subcontractors over micro data from two different types of construction. The results show that the elasticities of...
Persistent link: https://www.econbiz.de/10012477346