← Search

Why Construction Industry Productivity Is Declining

Steven G. Allen^1,2

¹ National Bureau of Economic Research · ² North Carolina State University

According to unpublished data compiled by BLS, productivity in the construction industry reached a peak in 1968 and, except for a brief and small upturn between 1974 and 1976, has been falling ever since. This paper examines the sources of this productivity decline between 1968 and 1978 by estimating a production function to assign weights to various factors responsible for productivity change and deriving a new price deflator for construction which does not rely on labor or material cost indexes, thus eliminating a systematic bias toward overstating the rate of growth of prices.

DOI

10.2307/1924811

Volume

67 (4)

Pages

661

Export

BibTeX

Sources

openalex crossref