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Keywords:Labor productivity 

Newsletter
Where has all the productivity growth gone?

The productivity of an economy is a measure of the efficiency with which that economy uses its resources?such as its labor and investments in capital?to produce valuable goods and services. Productivity is important because growth in the amount of goods and services produced for a given amount of labor and capital is the ultimate determinant of growth in living standards in an economy over time.
Chicago Fed Letter , Issue Jan

Journal Article
Job creation and destruction

FRBSF Economic Letter

Newsletter
Regional growth in worker quality

Chicago Fed Letter , Issue May

Journal Article
Labor productivity growth across states

Labor productivity growth, a measure of output per unit of work, is closely tied to gains in wages and living standards, and it provides a direct measure of a country?s competitive position over time. The same holds true for states. Since the last business cycle peak in 2000, states boosted their average labor productivity growth to 2.3 percent. In Ohio, this growth came as a result of modest output growth accompanied by sharp employment losses. Although this has been a painful transition for the Fourth District, solid productivity gains have made the remaining firms and workers more ...
Economic Commentary , Issue Jun

Journal Article
Trends in hours, balanced growth, and the role of technology in the business cycle

This paper revisits a property embedded in most dynamic macroeconomic models: the stationarity of hours worked. First, the author argues that, contrary to what is often believed, there are many reasons why hours could be nonstationary in those models, while preserving the property of balanced growth. Second, the author shows that the postwar evidence for most industrialized economies is clearly at odds with the assumption of stationary hours per capita. Third, he examines the implications of that evidence for the role of technology as a source of economic fluctuations in the G7 countries.
Review , Volume 87 , Issue Jul

Journal Article
Cost-push

FRBSF Economic Letter

Journal Article
The 1990s acceleration in labor productivity: causes and measurement

The acceleration of labor productivity growth that began during the mid-1990s is the defining economic event of the past decade. A consensus has arisen among economists that the acceleration was caused by technological innovations that decreased the quality-adjusted prices of semiconductors and related information and communications technology (ICT) products, including digital computers. In sharp contrast to the previous 20 years, services-producing sectors-heavy users of ICT products-led the productivity increase, besting even a robust manufacturing sector. In this article, the authors ...
Review , Volume 88 , Issue May , Pages 181-202

Journal Article
Information technology and productivity

FRBSF Economic Letter

Journal Article
Why has productivity growth declined? Productivity and public investment

The decline in United States productivity has been widely identified as one of the major economic problems facing the nation. This concern is understandable; productivity growth is the major determinant of the future standard of living. Economists have gone to great lengths to try to identify the reasons for the slowdown, and David Aschauer recently introduced the notion that the stock of public infrastructure, as well as the stock of private capital, may be a key to explaining changes in output from the private sector. ; This study builds upon Aschauers insight and explores whether changes ...
New England Economic Review , Issue Jan , Pages 3-22

Journal Article
Women's contribution to productivity

Women's work on the job and at home has been key to increasing productivity growth.
Regional Review , Issue Q 1 , Pages 44-48

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