Tagged: productivity

On the link between US pay and productivity - The Dismal Science

Paul Walker Feb 26, 2018

From VoxEU.org comes a column by Anna Stansbury and Lawrence Summers on the relationship between pay and productivity in the US. Since 1973, there has been divergence between labour productivity and the typical worker’s pay in the US as productivity has continued to grow strongly and growth in average compensation has slowed substantially. This … Read More

Even light physical activity in your 70s can prolong life - News

Jean Balchin Feb 21, 2018

A recent study has revealed that even short bursts of exercise, including those of light intensity, is linked to a lower risk of death in older men. Published online in the British Journal of Sports Medicine, researchers found that providing the recommended 150 minute weekly tally of moderate to physical activity is reached, total volume, rather than activity in 10 … Read More

We should learn to work with robots and not worry about them taking our jobs - Guest Work

Guest Author Feb 21, 2018

David Tuffley, Griffith University This article was originally published on The Conversation. Read the original article. We have all heard the dire predictions about robots coming to steal our jobs. Some would even have us believe these silicon bogeymen are coming to kill us. It plays straight into people’s darkest fears about technology. When … Read More

Natural resources: Norway and the UK - The Dismal Science

Michael Reddell Mar 31, 2017

The contribution of natural resources to the prosperity of nations is much-debated.   There is little doubt that a) natural resources can be wasted, mismanaged etc, such that a country well-provided for by nature still ends up pretty poor (Zambia is my favourite example, partly because I worked there), and b) that it is perfectly feasible for some countries to do … Read More

Productivity Commission: Good ideas – but now what? - The Dismal Science

Donal Curtin Nov 29, 2016

Yesterday’s report from the Productivity Commission, ‘Achieving New Zealand’s Productivity Potential’ (press release here, overview here, whole thing here), is full of good ideas. In the housing market, for example, their proposals would have the happy outcome of pressing both the equity and efficiency buttons at once. In addition to dealing to people sleeping in … Read More

Productivity: where do we stand? - The Dismal Science

Michael Reddell Apr 06, 2016

Comparisons of material living standards across time and across countries are fraught with measurement problems.  No one seriously questions that 100 years ago we had some of the very highest material living standards, and equally no one really questions that we are a long way off that mark now. Some want to focus instead on wellbeing indicators. That is … Read More

Housing and productivity - The Dismal Science

Paul Walker Aug 01, 2015

Up until now I have never really gotten the reason for people getting so excited about the effects of housing on productivity. When the Productivity Commission looked into the problems with housing in New Zealand it didn't seem to me to be the obvious factor explaining New Zealand's low productivity growth.Well it turnouts I may have to rethink this issue. Read More

Do old people hurt growth? - The Dismal Science

James Zuccollo Apr 16, 2015

A new paper (PDF) claims that ageing populations will hinder growth by both dis-saving and dragging down innovation, thus reducing productivity. Using a VAR model, they relate the age structure to measures of growth, saving, investment, and other macroeconomic variables over the 1990-2007 period. They use those coefficients to predict the effect of demographic change […] … Read More

Who got what? - The Dismal Science

Donal Curtin Feb 16, 2015

The Productivity Commission has just come out this morning with an interesting new Working Paper, "Who benefits from productivity growth? –The labour income share in New Zealand", and if life's too short, there's an accompanying "cut to the chase" summary. The labour income share, by the way, is as it sounds  - "The labour income share (LIS) … Read More