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area GDP per capita. Second, we develop measures of human capital that reflect the types of knowledge within U ….S. metropolitan areas. Regional knowledge stocks related to the provision of producer services and information technology are …
Persistent link: https://www.econbiz.de/10010283514
This paper examines the link between information technology (IT) and the U.S. productivity revival in the late 1990s …. Industry-level data show a broad productivity resurgence that reflects both the production and the use of IT. The most IT …-intensive industries experienced significantly larger productivity gains than other industries and a wide variety of econometric tests show …
Persistent link: https://www.econbiz.de/10010283304
Economists, business analysts, and policymakers have all focused considerable attention on U.S. productivity growth in … recent years. This paper presents a broad overview of productivity …
Persistent link: https://www.econbiz.de/10010283374
level, increased output stability reflects decreased volatility in both labor productivity growth and hours growth as well … input and total factor productivity (TFP) growth and the smaller covariance between them. This relationship suggests that … and labor productivity growth, suggesting again that the labor market dynamics are part of the decline in U.S. output …
Persistent link: https://www.econbiz.de/10010283483
Using matched March Current Population Surveys, we examine labor market transitions of husbands and wives. We find that the “added-worker effect”—the greater propensity of nonparticipating wives to enter the labor force when their husbands exit employment— is still important among a...
Persistent link: https://www.econbiz.de/10010283436
We estimate a model of urban productivity in which the agglomeration effect of density is enhanced by a metropolitan … accounts for the spatial distribution of population, we find that a doubling of density increases productivity by 2 to 4 … percent. Consistent with theories of learning and knowledge spillovers in cities, we demonstrate that the elasticity of …
Persistent link: https://www.econbiz.de/10010287097
productivity growth, and an additional set of labor market variables. The results do not reject the hypothesis that real wages and … labor productivity move proportionally in the long run. More important, endogenous structural break tests provide little …
Persistent link: https://www.econbiz.de/10010283324
relationship between workplace innovations and establishment productivity and wages. Using both cross-sectional and longitudinal … data, we find evidence that high-performance workplace practices are associated with both higher productivity and higher … and the productivity of establishments. We find that firms re-engineer their workplaces and incorporate` more high …
Persistent link: https://www.econbiz.de/10010283410
The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
Persistent link: https://www.econbiz.de/10010283420
productivity growth in the nonhousing sector and shows that such regime switches are a plausible candidate for explaining … governs the relationship between productivity growth and home price appreciation. Combined with a realistic model of learning … about the productivity process, the model is able to capture the medium- and low-frequency fluctuations of both price and …
Persistent link: https://www.econbiz.de/10010283524