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Keywords:Labor productivity 

Working Paper
Plant shutdowns, compositional effects, and procyclical labor productivity: the stylized facts for auto assembly plants

Finance and Economics Discussion Series , Paper 94-13

Working Paper
The decline of labor productivity in the 1970's: the role of embodied technological change

Working Papers , Paper 86-5

Working Paper
The role of capital service-life in a model with heterogenous labor and vintage capital

We examine how the economy responds to both disembodied and embodied technology shocks in a model with vintage capital. We focus on what happens when there is a change in the number of vintages of capital that are in use at any one time and on what happens when there is a change in the persistence of the shocks hitting the economy. The data suggest that these kinds of changes took place in the U.S. economy in the 1990s, when the pace of embodied technical progress appears to have accelerated. We find that embodied technology shocks lead to greater variability (of output, investment and labor ...
Working Paper Series , Paper 2009-24

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
What determines long-run growth?

National Economic Trends , Issue Sep

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
Capital formation and competitiveness

FRBSF Economic Letter

Journal Article
Ores and scores: two cases of how competition led to productivity \\"miracles.\\"

Although iron ore mining and public schools may seem to have nothing in common, you may be surprised. Recent research suggests that the labor productivity of ore producers and teachers may respond similarly to competitive pressure. To date, most macroeconomic research on the determinants of labor productivity has generally focused on variables such as capital stock per worker, technology, the quality of the workforce, and laws and regulations that govern production. However, this conventional view may leave something out: the degree of competitive pressure faced by a production unit. In ...
Business Review , Issue Q1 , Pages 7-15

Skilled labor-augmenting technical progress in U.S. manufacturing

This paper examines the role of skilled labor in the growth of total factor productivity. We use panel data from manufacturing industries to assess the extent to which productivity growth in yearly cross section is tied to industry shares of skilled labor inputs. We find robust evidence that productivity growth was increasingly concentrated in high-skill industries during a unique ten-year period beginning in the early 1970s. We do not find any positive association of productivity growth with new capital investment.
Staff Reports , Paper 47

Journal Article
The myth of the overworked American

A challenge to the popular presumption that U.S. workers are experiencing declining levels of leisure time, finding that the total hours of work have not changed much over the past decade, but that the composition of labor has shifted from home work to market work, mostly as a result of changes in the total hours worked by women.
Economic Commentary , Issue Jan



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