| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5503 |
| 来源ID | Working Paper 5503 |
| Labor Productivity: Structural Change and Cyclical Dynamics | |
| Martin Neil Baily; Eric J. Bartelsman; John Haltiwanger | |
| 发表日期 | 1996-03-01 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing hypothesis we derive the implications for cyclical productivity conditional on expectations of future demand and supply conditions. The novelty of the paper is that we exploit the tremendous heterogeneity in long-run structural changes across individual plants to identify the short-run sources of procyclical productivity. Our findings favor an adjustment cost model which involves a productivity penalty for downsizing as the largest source of procyclical labor productivity. |
| URL | https://www.nber.org/papers/w5503 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562966 |
| 推荐引用方式 GB/T 7714 | Martin Neil Baily,Eric J. Bartelsman,John Haltiwanger. Labor Productivity: Structural Change and Cyclical Dynamics. 1996. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5503.pdf（1342KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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