IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/sw42f_v1.html
   My bibliography  Save this paper

Unproductive by choice: substitution and the slowdown in aggregate productivity growth in the United States

Author

Listed:
  • Flynn, Zach

Abstract

I propose a new decomposition of aggregate total factor productivity. I model productivity as an index of unmeasured factors of production, and decompose the conditional factor demand for this index. With this model of productivity, changes in the price of labor or capital cause substitution to or from productivity. I study whether such changes explain the slowdown in US productivity growth from 2005 to 2016. I find that the declining growth rate of the effective price of labor and capital encouraged substitution away from productivity. If labor and capital prices had remained constant, productivity growth would be accelerating.

Suggested Citation

  • Flynn, Zach, 2019. "Unproductive by choice: substitution and the slowdown in aggregate productivity growth in the United States," SocArXiv sw42f_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:sw42f_v1
    DOI: 10.31219/osf.io/sw42f_v1
    as

    Download full text from publisher

    File URL: https://osf.io/download/5d697c7980f9b5001662e1ca/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/sw42f_v1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:sw42f_v1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.