U.S. labor productivity initially surged in 2020 during the COVID-19 pandemic, despite the massive economic upheaval. As the economy recovered, the level of productivity retreated to its slow ...

We will discuss the role that productivity growth plays for economic growth, emphasizing the importance of microeconomic evidence to explain the behavior of macroeconomic variables. We will also ...

Productivity accounts for half of the differences in GDP per capita across countries. Identifying policies to stimulate it is thus critical to alleviating poverty and fulfilling the rising aspirations ...