Artikel
Aggregate labor productivity
Aggregate labor productivity is a central indicator of an economy's economic development and a wellspring of living standards. Somewhat controversially, many macroeconomists see productivity as a primary driver of fluctuations in economic activity along the business cycle. In some countries, the cyclical behavior of labor productivity seems to have changed. In the past 20–30 years, the US has become markedly less procyclical, while the rest of the OECD has not changed or productivity has become even more procyclical. Finding a cogent and coherent explanation of these developments is challenging.
- Language
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Englisch
- Bibliographic citation
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Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2018 ; Bonn: Institute for the Study of Labor (IZA)
- Classification
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Wirtschaft
- Subject
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aggregate productivity
labor utilization
labor hoarding
collective bargaining
- Event
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Geistige Schöpfung
- (who)
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Burda, Michael C.
- Event
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Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2018
- DOI
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doi:10.15185/izawol.435
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Burda, Michael C.
- Institute for the Study of Labor (IZA)
Time of origin
- 2018
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Performance-related pay and labor productivity
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How does monetary policy affect labor demand and labor productivity?
Changes in the aggregate labor force participation rate
Aggregate Productivity Growth in Korean Manufacturing: The Role of Young Plants
Aggregate labor market outcomes: The roles of choice and chance
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