Lazear, Edward P., Shaw, Kathryn L. and Stanton, Christopher (2013) Making do with less: working harder during recessions. Working Papers series. Department of Management, London School of Economics and Political Science, London, UK.
Full text not available from this repository.Abstract
Why did productivity rise during recent recessions? One possibility is that average worker quality increased. A second is that each incumbent worker produced more. The second effect is termed “making do with less.” Using data from 2006 to 2010 on individual worker productivity from a large firm, these effects can be measured and separated. For this firm, most of the gain in productivity during the recession was a result of increased effort. Additionally, the increase in effort is correlated with the increase in the local unemployment rate, presumably reflecting the costs of losing a job.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | http://www.ssrn.com/en/ |
| Additional Information: | © 2014 The Authors |
| Divisions: | Management |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 18 Aug 2014 09:07 |
| Last Modified: | 11 Dec 2024 19:12 |
| URI: | http://eprints.lse.ac.uk/id/eprint/59036 |
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