Abstract

http://ssrn.com/abstract=2306810
 


 



Making Do with Less: Working Harder During Recessions


Edward P. Lazear


Stanford Graduate School of Business; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA)

Kathryn L. Shaw


Stanford Graduate School of Business; National Bureau of Economic Research (NBER)

Christopher Stanton


University of Utah - Department of Finance; NBER

June 5, 2014

Stanford University Graduate School of Business Research Paper No. 14-16

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.

Number of Pages in PDF File: 46

working papers series





Download This Paper

Date posted: August 7, 2013 ; Last revised: June 14, 2014

Suggested Citation

Lazear, Edward P. and Shaw, Kathryn L. and Stanton, Christopher, Making Do with Less: Working Harder During Recessions (June 5, 2014). Stanford University Graduate School of Business Research Paper No. 14-16. Available at SSRN: http://ssrn.com/abstract=2306810 or http://dx.doi.org/10.2139/ssrn.2306810

Contact Information

Edward P. Lazear
Stanford Graduate School of Business ( email )
518 Memorial Way
Stanford, CA 94305-5015
United States
650-723-9136 (Phone)
650-723-0498 (Fax)

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Kathryn L. Shaw
Stanford Graduate School of Business ( email )
518 Memorial Way
Stanford, CA 94305-5015
United States

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Christopher Stanton (Contact Author)
University of Utah - Department of Finance ( email )
David Eccles School of Business
Salt Lake City, UT 84112
United States
NBER ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Feedback to SSRN


Paper statistics
Abstract Views: 418
Downloads: 106
Download Rank: 144,897

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.484 seconds