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plausible) trend breaks in productivity, the treatment of hours is relatively unimportant: Hours fall sharply on impact … following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …
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Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid-1980s. Using … industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has … reasons for the change in the cyclicality of productivity. By decomposing TFP into technical change and input utilization, it …
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This paper examines how firms in an emerging economy are affected by violence due to drug trafficking. Employing rich longitudinal plant-level data covering all of Mexico from 2005–2010, and using an instrumental variable strategy that exploits plausibly exogenous spatiotemporal variation in...
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impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
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