scholarly journals Labor Hoarding, Inflexible Prices, and Procyclical Productivity

10.3386/w2591 ◽  
1988 ◽  
Author(s):  
Julio Rotemberg ◽  
Lawrence Summers
Keyword(s):  
Procyclical Productivity ◽  
Labor Hoarding

Labor Hoarding and SRIRL Pardox: Some Evidences from United Kingdom and United States

1997 ◽  
Vol 1 (1) ◽  
pp. 175-189
Author(s):  
Yongkyun Chung
Keyword(s):  
United States ◽  
United Kingdom ◽  
Business Cycle ◽  
Direct Measurement ◽  
Recent Literature ◽  
Competing Hypotheses ◽  
Procyclical Productivity ◽  
Labor Hoarding

The purpose of this study is to investigate the significance of the labor hoarding phenomenon in explaining the SRIRL paradox, or procyclical productivity. Accordingly previous work in these areas is particularly important. First, the direct measurement of labor hoarding shows how prominent the labor hoarding phenomenon is in various industries. Second, evidences of SRIRL at business cycle frequencies are mixed. Third, recent literature on labor hoarding tests indicates that labor hoarding is an indispensible ingredient to explain SRIRL or procyclical productivity among competing hypotheses.

Underground waterlines

Focaal ◽  
2019 ◽  
pp. 1-14
Author(s):  
Denys Gorbach
Keyword(s):  
Macro Level ◽  
The Political ◽  
Macro Scale ◽  
Ethnographic Data ◽  
Economic Boom ◽  
Labor Hoarding ◽  
Large Enterprises

In order to explore factors conditioning the political quietude of Ukrainian labor, this article analyzes ethnographic data collected at two large enterprises: the Kyiv Metro and the privatized electricity supplier Kyivenergo. Focusing on a recent labor conflict, I unpack various contexts condensed in it. I analyze the hegemonic configuration developed in the early 1990s, at the workplace and at the macro level, and follow its later erosion. This configuration has been based on labor hoarding, distribution of nonwage resources, and patronage networks, featuring the foreman as the nodal figure. On the macro scale, it relied on the mediation by unions, supported by resources accumulated during the Soviet era and the economic boom of the 2000s. The depletion of these resources has spelled the ongoing crisis of this configuration.

Inflexible Prices and Procyclical Productivity

1990 ◽  
Vol 105 (4) ◽  
pp. 851 ◽  
Author(s):  
Julio J. Rotemberg ◽  
Lawrence H. Summers
Keyword(s):  
Procyclical Productivity

scholarly journals Cyclical productivity in a model of labor hoarding

1996 ◽  
Vol 38 (2) ◽  
pp. 331-361 ◽  
Author(s):  
Argia M. Sbordone
Keyword(s):  
Labor Hoarding

Labor Hoarding

2014 ◽  
pp. 3483-3483
Keyword(s):  
Labor Hoarding

scholarly journals The Procyclical Behavior of Total Factor Productivity in the United States, 1890–2004

2010 ◽  
Vol 70 (2) ◽  
pp. 326-350 ◽  
Author(s):  
Alexander J. Field
Keyword(s):  
United States ◽  
Total Factor Productivity ◽  
Productivity Growth ◽  
The United States ◽  
Real Business Cycle ◽  
Factor Productivity ◽  
Tfp Growth ◽  
Capital Services ◽  
Labor Hoarding ◽  
Statistical Artifact

Between 1890 and 2004 total factor productivity (TFP) growth in the United States has been strongly procyclical, while labor productivity growth has been mildly so. This article argues that these results are not simply a statistical artifact, as Mathew Shapiro and others have argued. Procyclicality resulted principally from demand shocks interacting with capital services which are relatively invariant over the cycle. This account contrasts with explanations emphasizing labor hoarding as well as those offered by the real business cycle (RBC) program, in which TFP shocks (deviations from trend) are themselves the cause of cycles.

scholarly journals Procyclical Productivity: Increasing Returns or Cyclical Utilization?

1996 ◽  
Vol 111 (3) ◽  
pp. 719-751 ◽  
Author(s):  
S. Basu
Keyword(s):  
Increasing Returns ◽  
Procyclical Productivity
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