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Workplace practices and the new economy

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  • Sandra E. Black
  • Lisa M. Lynch

Abstract

This Economic Letter looks at how increased managerial focus on employee involvement, quality management, continuous innovation, and incentive-based compensation has boosted labor productivity and draws out some implications for future productivity gains. The research summarized here indicates that the combination of investment in new technology along with workplace innovation has had especially high payoffs to U.S. firms in the 1990s, and, with the continued reorganization of firms, high productivity growth may continue into the future.

Suggested Citation

  • Sandra E. Black & Lisa M. Lynch, 2004. "Workplace practices and the new economy," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue apr16.
    • Handle: RePEc:fip:fedfel:y:2004:i:apr16:n:2004-10
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    File URL: http://www.frbsf.org/publications/economics/letter/2004/el2004-10.html
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    File URL: http://www.frbsf.org/publications/economics/letter/2004/el2004-10.pdf
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    References listed on IDEAS

    as
    1. Sandra E. Black & Lisa M. Lynch, 2004. "What's driving the new economy?: the benefits of workplace innovation," Economic Journal, Royal Economic Society, vol. 114(493), pages 97-116, February.
    2. Timothy F. Bresnahan & Erik Brynjolfsson & Lorin M. Hitt, 2002. "Information Technology, Workplace Organization, and the Demand for Skilled Labor: Firm-Level Evidence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 339-376.
    3. Sandra E. Black & Lisa M. Lynch, 2005. "Measuring Organizational Capital in the New Economy," NBER Chapters, in: Measuring Capital in the New Economy, pages 205-236, National Bureau of Economic Research, Inc.
    4. Sandra E. Black & Lisa M. Lynch, 2001. "How To Compete: The Impact Of Workplace Practices And Information Technology On Productivity," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 434-445, August.
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    Cited by:

    1. Heinz Hollenstein, 2002. "Determinants of the Adoption of Information and Communication Technologies (ICT)," WIFO Working Papers 183, WIFO.

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    Keywords

    Management; Productivity;

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