This study describes the state of the art in the measurement of intangible capital and its contribution to economic … labour-productivity growth in the US and larger countries of the EU. The continental West-European countries show a … from intangibles, and also larger multi-factor productivity (MFP) growth rates related to the restructuring of those …

Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms …, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the … switch to salary firms once their productivity is revealed. The magnitude of the resulting worker flows depends on the payoff …

variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe …

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 …

labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves ….e. unexpected changes in the drift and standard deviation of the stochastic process describing the dynamics of productivity, depends … workers with idiosyncratic productivity below some threshold value. A more volatile environment, and a lower rate of …

This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence … catch up with technological leaders, in particular in terms of energy productivity. Moreover, the results show that …

technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over … considerably to macroeconomic energy-productivity growth while in other countries they partly offset energy-efficiency improvements …. In contrast, structural changes only play a minor role in explaining macroeconomic labour-productivity developments. We …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …