A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The US productivity slowdown, the baby boom, and management quality
Abstract This paper examines the relationship between the entry of the baby boom into the workforce and the productivity slowdown. Lucas (Bell J Econ 9(2):508–523, 1978) shows how management quality plays a role in determining output. The baby boom’s entry into the workforce resulted in more managers from smaller, pre-baby boom cohorts. These marginal managers were necessarily of lower quality, leading to a drop in total factor productivity. As the boomers aged, this effect was reversed. A calibrated model of managers, workers, and firms suggests that the management effects of the baby boom may explain roughly 20% of the observed productivity slowdown and resurgence.
The US productivity slowdown, the baby boom, and management quality
Abstract This paper examines the relationship between the entry of the baby boom into the workforce and the productivity slowdown. Lucas (Bell J Econ 9(2):508–523, 1978) shows how management quality plays a role in determining output. The baby boom’s entry into the workforce resulted in more managers from smaller, pre-baby boom cohorts. These marginal managers were necessarily of lower quality, leading to a drop in total factor productivity. As the boomers aged, this effect was reversed. A calibrated model of managers, workers, and firms suggests that the management effects of the baby boom may explain roughly 20% of the observed productivity slowdown and resurgence.
The US productivity slowdown, the baby boom, and management quality
Feyrer, James (author)
2009
Article (Journal)
Electronic Resource
English
RVK:
ELIB39
/
ELIB45
Local classification FBW:
oek 2608
BKL:
74.80
Demographie
/
83.31$jWirtschaftswachstum
/
74.80$jDemographie$XGeographie
/
83.31
Wirtschaftswachstum
The US productivity slowdown, the baby boom, and management quality
| Online Contents | 2009
British Library Online Contents
| Online Contents | 2002
ULI panel on Baby Boom retirees
British Library Online Contents | 2001
Productivity slowdown across European regions: does non-standard work matter?
| Taylor & Francis Verlag | 2024