U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

- and chain-weighted GDP. It then decomposes estimated potential growth rates into labor productivity growth (LPG) and labor … output and trend productivity growth for the 1990s with estimates from earlier periods. Results indicate that eliminating the … it in the 1990s. A slowdown in labor force growth, with little or no change in long-term productivity growth, largely …