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This paper examines the extent to which aggregate-level de-routinization can be attributed to firm-level technology adoption during the most recent technological expansion. We use administrative data and a novel firm survey to distinguish frontier technologies from older technologies. We find...
Persistent link: https://www.econbiz.de/10014462259
The economic crisis of 2008-2009, the most important that France knew since the Second world war, had a significant impact on the employment situation but, in relation with the fall of the production, the observed destructions of jobs were less large this time than during the recession of...
Persistent link: https://www.econbiz.de/10008765862
The productivity performance of the UK economy in the period 1990-2007 was excellent. Based entirely on pre-crisis data … discuss a wide range of hypotheses which seek to explain the productivity collapse, including the impact of austerity. Most of … financial crises, particularly banking crises, on productivity, capital, TFP and employment. Based on a cross-country panel …
Persistent link: https://www.econbiz.de/10010700733
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …
Persistent link: https://www.econbiz.de/10011126620
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …
Persistent link: https://www.econbiz.de/10011185810
accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we …
Persistent link: https://www.econbiz.de/10008783783
The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …
Persistent link: https://www.econbiz.de/10010604793
The UK experienced an unusually prolonged stagnation in labor productivity in the aftermath of the Great Recession …. This paper analyzes the role of sectoral labor misallocation in accounting for this "productivity puzzle." If jobseekers … disproportionately search for jobs in sectors where productivity is relatively low, hires are concentrated in the wrong sectors, and the …
Persistent link: https://www.econbiz.de/10011451196
The UK experienced an unusually prolonged stagnation in labor productivity in the aftermath of the Great Recession …. This paper analyzes the role of sectoral labor misallocation in accounting for this "productivity puzzle". If jobseekers … disproportionately search for jobs in sectors where productivity is relatively low, hires are concentrated in the wrong sectors and the …
Persistent link: https://www.econbiz.de/10011460652
The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …
Persistent link: https://www.econbiz.de/10005245768