Making Do With Less : Working Harder During Recessions

@inproceedings{Lazear2013MakingDW,
  title={Making Do With Less : Working Harder During Recessions},
  author={Edward P. Lazear and Kathryn L. Shaw and Christopher Stanton},
  year={2013}
}
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… CONTINUE READING