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Engines of Sectoral Labor Productivity Growth

Zsofia Barany () and Christian Siegel

No 872, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ workers of different occupations and various forms of capital, none of which are perfect substitutes, and technology evolves at the sector-factor cell level. Using the model we infer technologies from US data over 1960-2017. We find sector-specific routine labor augmenting technological change to be crucial. It is the most important driver of sectoral differences, and has a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the occupational employment structure within sectors explains much of the sectoral differences.

Date: 2019
New Economics Papers: this item is included in nep-eff, nep-gro and nep-tid
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Working Paper: Engines of Sectoral Labor Productivity Growth (2019) Downloads
Working Paper: Engines of Sectoral Labor Productivity Growth (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed019:872

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