Productivity Puzzles Across Europe

Productivity Puzzles Across Europe PDF Author: Philippe Askenazy
Publisher: Oxford University Press
ISBN: 0191089400
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
The 2008 financial crisis put an end to an era of sustained economic growth in Europe. The size of the shock differed across European countries and affected economies in different ways. Yet despite this heterogeneity, most European countries suffered a prolonged period of economic slowdown which raised concerns about the risk of a secular stagnation in Europe. This book focuses on labour productivity in Europe, one of the main drivers of growth and prosperity. Although productivity trends became the focus of policy interest in the immediate aftermath of the recession in the UK, 'productivity puzzles' received much less attention in the rest of Europe. These 'puzzles', which are apparent to greater or lesser extents in most European economies, centre on the marked decline in labour productivity growth which occurred with the on-set of recession. They are puzzles because, in neo-classical economics, firms respond to demand shocks by laying off workers, thus maintaining labour productivity and limiting growth in unit labour costs. Yet this didn't happen in this recession - at least, not to the same extent as in previous recessions, except in Spain. This book brings together contributions from leading European economists who analyse production models and macroeconomic policies, with specific focus on European countries that represent around 60% of the EU GDP. Chapters on France, Germany, the UK, and Spain provide new evidences at the firm/workplace level, and stress the role of transitory labour market mechanisms

Productivity Puzzles Across Europe

Productivity Puzzles Across Europe PDF Author: Philippe Askenazy
Publisher: Oxford University Press
ISBN: 0191089400
Category : Business & Economics
Languages : en
Pages : 336

Get Book Here

Book Description
The 2008 financial crisis put an end to an era of sustained economic growth in Europe. The size of the shock differed across European countries and affected economies in different ways. Yet despite this heterogeneity, most European countries suffered a prolonged period of economic slowdown which raised concerns about the risk of a secular stagnation in Europe. This book focuses on labour productivity in Europe, one of the main drivers of growth and prosperity. Although productivity trends became the focus of policy interest in the immediate aftermath of the recession in the UK, 'productivity puzzles' received much less attention in the rest of Europe. These 'puzzles', which are apparent to greater or lesser extents in most European economies, centre on the marked decline in labour productivity growth which occurred with the on-set of recession. They are puzzles because, in neo-classical economics, firms respond to demand shocks by laying off workers, thus maintaining labour productivity and limiting growth in unit labour costs. Yet this didn't happen in this recession - at least, not to the same extent as in previous recessions, except in Spain. This book brings together contributions from leading European economists who analyse production models and macroeconomic policies, with specific focus on European countries that represent around 60% of the EU GDP. Chapters on France, Germany, the UK, and Spain provide new evidences at the firm/workplace level, and stress the role of transitory labour market mechanisms

Cyclical Downturn or Slowing Trend?: A Review Article on Productivity Puzzles across Europe, Spring 2018

Cyclical Downturn or Slowing Trend?: A Review Article on Productivity Puzzles across Europe, Spring 2018 PDF Author: Fernald
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description


Inequality and Inclusive Growth in Rich Countries

Inequality and Inclusive Growth in Rich Countries PDF Author: Brian Nolan
Publisher: Oxford University Press
ISBN: 0192533746
Category : Business & Economics
Languages : en
Pages : 420

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Book Description
Rising inequality in income and wealth across the OECD has been widely recognised and identified as a major concern; Inequality and Inclusive Growth in Rich Countries links this phenomenon with stagnation in wages and incomes for ordinary working households in order to address the challenge of promoting growth and prosperity. The concentration of wealth at the top of society is now seen as a threat to social and political stability. Inequality and Inclusive Growth in Rich Countries aims to identify what structures and policies are associated with success or failure in limiting the rise in inequality and promoting income growth for those in the middle and lower reaches of the income distribution. It analyses the varying experiences of ten rich countries over recent decades in depth, revealing that there are indeed responses that governments and societies can adopt, and that stagnation and rising inequality do not have to be accepted, but can be combatted given the political will and capacity.

The Productivity Puzzle and the Kaldor-Verdoorn Law

The Productivity Puzzle and the Kaldor-Verdoorn Law PDF Author: Hubert Gabrisch
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


International Productivity Monitor

International Productivity Monitor PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264279172
Category :
Languages : en
Pages : 222

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Book Description
The 32nd issue of the International Productivity Monitor is a special issue produced in collaboration with the OECD. All articles published in this issue were selected from papers presented at the First Annual Conference of the OECD Global Forum on Productivity held in Lisbon, Portugal, July ...

Making Social Spending Work

Making Social Spending Work PDF Author: Peter H. Lindert
Publisher: Cambridge University Press
ISBN: 1108808239
Category : Business & Economics
Languages : en
Pages : 437

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Book Description
How does social spending relate to economic growth and which countries have got this right and wrong? Peter Lindert examines the experience of countries across the globe to reveal what has worked, what needs changing, and who the winners and losers are under different systems. He traces the development of public education, health care, pensions, and welfare provision, and addresses key questions around intergenerational inequality and fiscal redistribution, the returns to investment in human capital, how to deal with an aging population, whether migration is a cost or a benefit, and how social spending differs in autocracies and democracies. The book shows that what we need to do above all is to invest more in the young from cradle to career, and shift the burden of paying for social insurance away from the workplace and to society as a whole.

An Elegant Puzzle

An Elegant Puzzle PDF Author: Will Larson
Publisher: Stripe Press
ISBN: 1953953336
Category : Computers
Languages : en
Pages : 281

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Book Description
A human-centric guide to solving complex problems in engineering management, from sizing teams to handling technical debt. There’s a saying that people don’t leave companies, they leave managers. Management is a key part of any organization, yet the discipline is often self-taught and unstructured. Getting to the good solutions for complex management challenges can make the difference between fulfillment and frustration for teams—and, ultimately, between the success and failure of companies. Will Larson’s An Elegant Puzzle focuses on the particular challenges of engineering management—from sizing teams to handling technical debt to performing succession planning—and provides a path to the good solutions. Drawing from his experience at Digg, Uber, and Stripe, Larson has developed a thoughtful approach to engineering management for leaders of all levels at companies of all sizes. An Elegant Puzzle balances structured principles and human-centric thinking to help any leader create more effective and rewarding organizations for engineers to thrive in.

An Analysis of EU and US Productivity Developments

An Analysis of EU and US Productivity Developments PDF Author: Cécile Denis
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 128

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Book Description


The Productivity Puzzle in Business Services

The Productivity Puzzle in Business Services PDF Author: Alexander Kritikos
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Productivity in the Economies of Europe

Productivity in the Economies of Europe PDF Author: Rainer Fremdling
Publisher:
ISBN:
Category : Capital productivity
Languages : en
Pages : 228

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Book Description
Res. en alemán.