| 来源类型 | Working Paper
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| 规范类型 | 报告
|
| DOI | 10.3386/w15474
|
| 来源ID | Working Paper 15474
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| The US Productivity Slowdown, the Baby Boom, and Management Quality |
| James Feyrer
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| 发表日期 | 2009-11-05
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| 出版年 | 2009
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| 语种 | 英语
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| 摘要 | This paper examines whether management changes caused by the entry of the baby boom into the workforce explain the US productivity slowdown in the 1970s and resurgence in the 1990s. Lucas (1978) suggests that the quality of managers plays a significant role in determining output. If there is heterogeneity across workers and management skill improves with experience, an influx of young workers will lower the overall quality of management and lower total factor productivity. Census data shows that the entry of the baby boom resulted in more managers being hired from the smaller, pre baby boom cohorts. These marginal managers were necessarily of lower quality. As the boomers aged and gained experience, this effect was reversed, increasing managerial quality and raising total factor productivity. Using the Lucas model as a framework, a calibrated model of managers, workers, and firms suggests that the management effects of the baby boom may explain roughly 20 percent of the observed productivity slowdown and resurgence. |
| 主题 | Macroeconomics
; Consumption and Investment
; Labor Economics
; Demography and Aging
; Development and Growth
; Innovation and R&
; D
; Growth and Productivity
; Country Studies
|
| URL | https://www.nber.org/papers/w15474
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573150
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推荐引用方式
GB/T 7714 |
James Feyrer. The US Productivity Slowdown, the Baby Boom, and Management Quality. 2009.
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文件名：
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w15474.pdf
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格式：
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Adobe PDF
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