Paper

Creating Economic Opportunity for More Americans Through Productivity Growth

February 04 2019 • Chad Syverson

The U.S. economy in recent years has been characterized by slow average productivity growth and increasing productivity dispersion within industries. These trends have coincided with analogous changes in wages—slow average wage growth and greater wage inequality between workers. In this essay, author Chad Syverson discusses research into the potential causes of these patterns and outlines several policy changes that would yield expected productivity and wage benefits under general conditions.

Employment & Wages, Infrastructure, Productivity & Innovation