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Iourii Manovskii |
It has
become conventional wisdom that the cyclical behavior of labor productivity
has changed since the mid-1980s. The figures below illustrate that the
behavior of labor productivity in 1981-82 and 2007-09 recessions does not appear
very different. |
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Curriculum Vitae: |
HP-Filtered, Normalized to 0 at the
NBER Peak |
Levels, Normalized to 1 at the NBER
Peak |
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Labor productivity in
figures above is defined as the ratio of nonfarm business output to nonfarm business
employment from the Current Population Survey. Numerous additional measures
are in use in the literature making the comparisons difficult. In a project with Bjoern Bruegemann and Marcus Hagedorn we construct and make available a dataset that
contains most relevant series on postwar U.S. labor productivity to provide a
common ground for the discussion. |
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Download:
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[Data] |
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Updated: September, 2010.