Tag Archives: Productivity

Structural Transformation, the Mismeasurement of Productivity Growth, and the Cost Disease of Services

From Alywn Young: If workers self-select into industries based upon their relative productivity in different tasks, and comparative advantage is aligned with absolute advantage, then the average efficacy of a sector’ s workforce will be negatively correlated with its employment … Continue reading

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Inequality and Technological Change: The Skill Complementarity of Broadband Internet

A very interesting paper from Anders Akerman, Ingvil Gaarder, Magne Mogstad: Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data with firm-level information on … Continue reading

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Private Equity, Productivity, and Inequality

Sorry for the light posting – I have been traveling for job interviews. Here’s an interesting paper that I heard about recently. It shows that  private equity buyouts bring productivity improvements and lower payrolls on average. Here is the full … Continue reading

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The Decline of the U.S. Rust Belt: A Macroeconomic Analysis

From Simeon Alder, David Lagakos , Lee Ohanian: No region of the United States fared worse over the post-war period than the “Rust Belt,” the heavy manufacturing zone bordering the Great Lakes. We argue that a lack of competition in labor and output … Continue reading

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The Benefits of High Productivity

Higher productivity lowers effective labor costs and makes the US a more attractive place for businesses to locate. This idea is important to keep in mind when thinking about the President’s push for more FDI and (productivity enhancing) infrastructure investment. … Continue reading

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Technological Change through History: the View from 30,000 feet

Brad Delong has a an outstanding post on technological change. He categorizes how people add value and shows how technological change alters these categories. It’s interesting to think about his post and these issues in terms of a simple (classical) model and … Continue reading

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The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy

From Lorenzo Caliendo, Fernando Parro, Esteban Rossi-Hansberg, and Pierre-Daniel Sarte: We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating … Continue reading

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Macroeconomic Implications of Agglomeration

From Morris Davis, Jonas Fisher, and Toni Whited: Cities exist because of the productivity gains that arise from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general … Continue reading

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Innovation and Production in a Global Economy

From Costas Arkolakis, Natalia Ramondo, Andrés Rodríguez-Clare, and Stephen Yeaple: The process of globalization features increasing international specialization in innovation or production. To assess the welfare implications of this process, we develop a quantitative, multi-country general equilibrium model where firms can serve … Continue reading

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Incomes & the Cost of a Colonoscopy across US Cities

I’m a bit late to posting this since I had my qualifying exams on Monday, but I saw this map for the front page story of this Sunday’s NYTimes and thought it was interesting. It shows how much the cost … Continue reading

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