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来源类型Working Paper
规范类型报告
DOI10.3386/w4741
来源IDWorking Paper 4741
Downsizing and Productivity Growth: Myth or Reality?
Martin Neil Baily; Eric J. Bartelsman; John Haltiwanger
发表日期1994-05-01
出版年1994
语种英语
摘要The conventional wisdom is that the rising productivity in the U.S. manufacturing sector in the 1980s has been driven by the apparently pervasive downsizing over this period. Aggregate evidence clearly shows falling employment accompanying the rise in productivity. In this paper, we examine the microeconomic evidence using the plant level data from the Longitudinal Research Database (LRD). In contrast to the conventional wisdom, we find that plants that increased employment as well as productivity contribute almost as much to overall productivity growth in the 1980s as the plants that increased productivity at the expense of employment. Further, there are striking differences by sector (defined by industry, size, region, wages, and ownership type) in the allocation of plants in terms of whether they upsize or downsize and whether they increase or decrease productivity. Nevertheless, in spite of the striking differences across sectors defined in a variety of ways, most of the variance of productivity and employment growth is accounted for by idiosyncratic factors.
主题Macroeconomics ; Consumption and Investment
URLhttps://www.nber.org/papers/w4741
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/562138
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Martin Neil Baily,Eric J. Bartelsman,John Haltiwanger. Downsizing and Productivity Growth: Myth or Reality?. 1994.
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