<title>Abstract</title> Using US Census of Manufacturing data covering the period from 1967 to 1997, I analyze factors affecting downsizing in manufacturing. The data show that average establishment size declined in manufacturing, from an average of 60.5 employees in 1967 to 46.5 in 1997. The econometric...

The share of Americans with defined contribution pension plans now exceeds the share of those with defined benefit plans. Wolff refers to this as the "great transformation" and it leads him to examine recent evidence to see whether there are winners and losers resulting from this switch away...

Productivity growth is the main vehicle to increase the standard of living. This book explains the relationships between technological change, efficiency, productivity growth and performance. The emphasis is on the interplay between industries in modern economies. The book provides a broad yet...

Has the rate of profit been falling in industrialised countries? What are the factors that are responsible for its increase over time and what factors account for its decline. The rate of profit is a key economic variable. It directly affects the rate of economic growth, both as a source of...

Using pooled cross-section, time-series data for 44 industries over the decades of the 1960s, 1970s, and 1980s in the United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its inclusion in the TFP measure). However,...

Traditional measures of productivity growth show very low gains made by most service industries since 1980s in the USA. However, other indices of 'technological activity', such as computerization, education, and occupational change, show that service industries were more technologically active...