Showing 1 - 10 of 5,093
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 …
Persistent link: https://www.econbiz.de/10012456700
We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an …. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by … rather than providing a new permanent era of faster productivity growth. This joint transatlantic post-2005 slowdown is …
Persistent link: https://www.econbiz.de/10012481620
technology (IT) and productivity by investigating several plant-level mechanisms through which IT could promote productivity … estimation of longitudinal models eliminate many sources of unmeasured heterogeneity that could confound productivity comparisons …
Persistent link: https://www.econbiz.de/10012466898
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and … productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops … useful supplement to existing data sets. Second, there has clearly been a rebound in labor-productivity growth in recent …
Persistent link: https://www.econbiz.de/10012470633
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both … manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this effect goes beyond the …
Persistent link: https://www.econbiz.de/10014322729
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …
Persistent link: https://www.econbiz.de/10012467642
Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be …
Persistent link: https://www.econbiz.de/10012468028
productivity growth, particularly in large relatively closed economies like the USA, will tend to raise middle class incomes. At …We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which …
Persistent link: https://www.econbiz.de/10012794576
decomposition of total factor productivity growth …
Persistent link: https://www.econbiz.de/10012477833
productivity increases by less, measured labor productivity growth falls compared to the middle period. However this fall reflects … productivity growth rates. Substantial variation in these growth rates remains within the 1929-1965 and 1965-1978 periods. Slow … quality-adjusted labor productivity growth during 1929-1948 is just offset by unusually rapid growth during 1948-1965; these …
Persistent link: https://www.econbiz.de/10012478087