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Working Paper
Understanding productivity: lessons from longitudinal microdata
This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the persistence of productivity differentials, the consequences of entry and exit, and the contribution of resource reallocation across firms to aggregate productivity growth. The research also reveals important factors correlated with productivity growth, such as managerial ability, technology use, human capital, and regulation. The more advanced literature in ...
Conference Paper
Leveraging a consulting operation
Conference Paper
People are the key to success
Journal Article
Workplace practices and the new economy
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.
Journal Article
Senior-level involvement is crucial for managing risk
Journal Article
New approaches aid risk measurement, management
Conference Paper
Providing the corporate environment to foster innovation
Conference Paper
America's industrial renaissance
Speech
A new era of bank supervision
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Conference Paper
Succeeding by anticipating trends