have occurred due to changes in factor prices: a large fall in real wages and increases in the cost of capital. In previous … recessions real wages did not fall, but reforms to union strength and welfare have made wages more sensitive to negative demand … misallocation. The fall in labour productivity is therefore likely to reverse if demand improves - e.g. through stronger monetary or …

and fiscal policies during the recession, reductions in real producer wages and relatively buoyant real consumer wages … back and productivity growth remains low, it may be that it will take a long time for employment to return to levels last …

The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years …. A central problem in the literature is that firm performance is affected by two countervailing "spillovers": a positive … effect from technology (knowledge) spillovers and negative business stealing effects from product market rivals. We develop a …

productivity in the public sector using a new panel data set of police departments covering 1987-2003. While IT adoption is …-level characteristics and the endogeneity of IT use. IT investments do, however, appear to improve police productivity when complemented …

It is widely believed that in the US wage growth has fallen massively behind productivity growth. Recently, it has also … than median wages. We distinguish between "net decoupling" - the difference in growth of GDP per hour deflated by the GDP … hour deflated by the GDP deflator and median wages deflated by a measure of consumer price inflation. We would expect that …

education distribution will boost productivity and real wages. … Pessoa and John Van Reenen. Their investigation of claims that wage growth has become 'decoupled' from productivity growth … finds that decoupling has been overstated and cannot be used to justify redressing the balance between wages and profits …