The Impact of Informal Networks on Quit Behavior
sector) disaggregation, the change in the level effect accounts for only 0.35 (0.41) percentage point of the 2.24 percentage point deceleration in labor-productivity growth between the 1948-65 and 1973-78 periods. The aggregate rate and level effects are not very sensitive to the degree of disaggregation (12versus 60-sector). Although some large level effects are evident within and across major industrial divisions, they often cancel out in the aggregate. However, the level effect from the shift out of farming is quantitatively large and is close to the aggregate level effect using either 12-sector or 60-sector disaggregation. Although one can approximate the aggregate level effect by looking only at that for agriculture, one should note that other fairly large level effects exist both within and across major industrial divisions other than agriculture.
- DOI
- 10.2307/1924196
- Volume
- 65 (3)
- Pages
- 491
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- BibTeX
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