The 1990s Acceleration in Labor Productivity : Causes and Measurement / Richard G. Anderson, Kevin L. Kliesen.

Format:

Datafile

Contributor:

Anderson, Richard G.

Kliesen, Kevin L.

Inter-university Consortium for Political and Social Research.

Series:

ICPSR (Series) ; 1335.

ICPSR ; 1335

Language:

English

Physical Description:

1 online resource.

Place of Publication:

Ann Arbor, Mich. : Inter-university Consortium for Political and Social Research [distributor], 2006.

System Details:

Mode of access: World Wide Web.

data file

Summary:

The acceleration of labor productivity growth that began during the mid-1990s is the defining economic event of the past decade. A consensus has arisen among economists that the acceleration was caused by technological innovations that decreased the quality-adjusted prices of semiconductors and related information and communications technology (ICT) products, including digital computers. In sharp contrast to the previous 20 years, services-producing sectors heavy users of ICT products-led the productivity increase, besting even a robust manufacturing sector. In this article, the authors survey the performance of the services-producing and goods-producing sectors and examine revisions to aggregate labor productivity data of the type commonly discussed by policymakers. The revisions, at times, were large enough to reverse preliminary conclusions regarding productivity growth slowdowns and accelerations. The anticipated acceleration in the services sector and the large size of revisions to aggregate data combine to shed light on why economists were slow to recognize the productivity acceleration. ... Cf.: http://dx.doi.org/10.3886/ICPSR01335.

Contents:

Part 1: The 1990s Acceleration in Labor Productivity: Causes and Measurement

Notes:

Title from ICPSR DDI metadata of 2009-04-22.

OCLC:

436447963

Access Restriction:

Restricted for use by site license.