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008190429t20192019enka fob 001 0 eng
019 ▼a 1106536016
020 ▼a 9780191873461 ▼q (electronic book)
020 ▼a 0191873462 ▼q (electronic book)
020 ▼a 9780192573117 ▼q (electronic bk.)
020 ▼a 019257311X ▼q (electronic bk.)
020 ▼z 0198836112
020 ▼z 9780198836117
035 ▼a 2177647 ▼b (N$T)
035 ▼a (OCoLC)1102637671 ▼z (OCoLC)1106536016
040 ▼a AU@ ▼b eng ▼e rda ▼e pn ▼c AU@ ▼d UKOUP ▼d OH1 ▼d YDXIT ▼d OCLCQ ▼d OCLCF ▼d BRX ▼d N$T ▼d EBLCP ▼d 248032
049 ▼a MAIN
050 4 ▼a HD87 ▼b .S55 2019
08204 ▼a 338.9 ▼2 23
1001 ▼a Smithers, Andrew, ▼e author.
24510 ▼a Productivity and the bonus culture / ▼c Andrew Smithers. ▼h [electronic resource]
250 ▼a First edition.
260 ▼a Oxford ; ▼a New York, NY : ▼b Oxford University Press, ▼c 2019.
300 ▼a 1 online resource : ▼b illustrations (black and white)
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
5208 ▼a Living standards in the UK and the US are in danger of falling. In the past change has brought disruption with the offsetting reward of higher living standards from growth. Today we have disruption without reward. The resulting voter dissatisfaction encourages populist policies which threaten even worse outcomes. The decline in growth has weakened the standing of liberal democracy both at home and internationally. The decline is entirely due to poor productivity combined with an unfavourable change in demography. The UK and the US have changed from having a demographic surplus in which the working population grew faster than the total population to a demographic deficit. Before living standards grew faster than productivity they now grow more slowly. Faster immigration could change demography, but voters are likely to press for less. To avoid falling living standards we must increase the rate at which productivity improves. Faster productivity does not only depend on technology. We can improve it by encouraging more investment. Growth depends on Total Factor Productivity ("TFP"), for which current consensus estimates are based on a faulty model which has induced pessimism about our ability to encourage more growth. The book sets out a revised and superior model of TFP which demonstrates that the weakness in productivity is the result of the bonus culture and suggests ways by which this can be changed so that investment is encouraged and growth returns.
5880 ▼a Online resource; title from digital title page (viewed on June 13, 2019).
590 ▼a OCLC control number change
650 0 ▼a Economic development.
650 0 ▼a Industrial productivity.
650 0 ▼a Labor productivity.
650 0 ▼a Bonuses (Employee fringe benefits)
650 0 ▼a Investments.
650 7 ▼a Bonuses (Employee fringe benefits) ▼2 fast ▼0 (OCoLC)fst00836107
650 7 ▼a Economic development. ▼2 fast ▼0 (OCoLC)fst00901785
650 7 ▼a Industrial productivity. ▼2 fast ▼0 (OCoLC)fst00971502
650 7 ▼a Investments. ▼2 fast ▼0 (OCoLC)fst00978234
650 7 ▼a Labor productivity. ▼2 fast ▼0 (OCoLC)fst00990137
655 0 ▼a Electronic books.
77608 ▼i Print version ▼z 9780198836117
85640 ▼3 EBSCOhost ▼u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2177647
938 ▼a Oxford University Press USA ▼b OUPR ▼n EDZ0002046768
938 ▼a EBL - Ebook Library ▼b EBLB ▼n EBL5799337
938 ▼a EBSCOhost ▼b EBSC ▼n 2177647
990 ▼a 관리자
994 ▼a 92 ▼b N$T