Challenges to Mismeasurement Explanations for the US Productivity Slowdown

CFA Digest
November 2017 | Vol. 47 | No. 11
Source: CFA Institute
Chad Syverson
Paul R. Rossi, CFA (Reviewer)



The United States and many other developed economies have experienced a slowdown in labor productivity growth since 2005. Some have suggested that the growth rate is actually higher than what is being reported, claiming it is a mismeasurement. The data and subsequent analysis counter this idea and reveal that the slower US productivity levels are indeed real.

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