Shiftwork, Capital Hours and Productivity Change - Hardcover

Foss, Murray F.

Hardcover

ISBN 10: 0792399552 ISBN 13: 9780792399551

Publisher: Springer, 1997

Synopsis

This volume brings together and expands on a body of research that I began in the early 1960s and have continued up to the present. It deals mainly with shiftwork-work that is performed during other than normal daytime hours. Shiftwork is a characteristic of economic life in the United States and abroad that has increased in importance over the years; according to the Bureau of Labor Statistics, one out of five full-time and part-time employees in the United States works on shifts. My interest in this field concerns fixed capital, specifically, changes in weekly hours worked by capital over long periods of time, and the signifi­ cance of those changes in the measurement oflong-run productivity change. In studies of growth, the measurement of capital input-by capital stocks or the services yielded by those stocks-typically makes no allowance for the changing hours worked by capital. Capital services are assumed to be propor­ tional to the stocks. Consequently, in analyses of output growth in a growth­ accounting framework, the effect of longer capital hours is a component of multifactor or total factor productivity growth.

About this title

Synopsis

This volume deals with shiftwork - work that is performed outside of normal daytime hours. Shiftwork is a characteristic of economic life in the United States and abroad and has increased in importance over the years. It describes fixed capital, specifically, changes in weekly hours worked by capital over long periods of time, and the significance of those changes in the measurement of long-run productivity change. The text focuses upon empirical research: it describes the data that opened possibilities for substantiation, shows the progressive nature of the subsequent research, and ultimately brings that research to bear on a number of issues that are in the forefront of public discussion. Making use of multifactor productivity statistics published by the US Bureau of Labor Statistics for detailed (two-digit) manufacturing industries, the author analyzes industry productivity change from the 1920s to the 1980s.

Edition details

• Publisher: Springer
• Publication date: 1997
• Language: English
• ISBN 10: 0792399552
• ISBN 13: 9780792399551
• Binding: Hardcover
• Number of pages: 414