Journal Article

Workplace practices and the new economy

Abstract: This Economic Letter looks at how increased managerial focus on employee involvement, quality management, continuous innovation, and incentive-based compensation has boosted labor productivity and draws out some implications for future productivity gains. The research summarized here indicates that the combination of investment in new technology along with workplace innovation has had especially high payoffs to U.S. firms in the 1990s, and, with the continued reorganization of firms, high productivity growth may continue into the future.

Keywords: Management; Productivity;

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2004

Order Number: 10