Economics, Econometrics and Finance
4 years ago

Declining labor and capital prices slow US productivity growth, study finds.

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

Paper Summary

The article explains how changes in the prices of labor and capital have led to a slowdown in productivity growth in the US from 2005 to 2016. If labor and capital prices had stayed the same, productivity growth would have been faster.

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