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  • 标题:Making Do With Less: Working Harder During Recessions
  • 本地全文:下载
  • 作者:Edward Lazear ; Kathryn L. Shaw ; Christopher Stanton
  • 期刊名称:CEP Discussion Paper
  • 出版年度:2014
  • 卷号:2014
  • 语种:English
  • 出版社:Centre for Economic Performance
  • 摘要:Why did productivity rise during recent recessions? One possibility is that average worker quality increased. A second is that each incumbent worker produced more. The second effect is termed "making do with less." Using data from 2006 to 2010 on individual worker productivity from a large firm, these effects can be measured and separated. For this firm, most of the gain in productivity during the recession was a result of increased effort. Additionally, the increase in effort is correlated with the increase in the local unemployment rate, presumably reflecting the costs of losing a job.
  • 关键词:Recession;productivity;sorting
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