What determines labor productivity?
Subtitle: lessons from the dramatic recovery of the U.S. and Canadian iron-ore industries since their early 1980s crisis
By: James A. Schmitz, Jr..
Series: Federal Reserve Bank of Minneapolis, Research Department staff report ;; 286; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;; 286.
Publisher: Federal Reserve Bank of Minneapolis
Published: 2004
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Iron industry and trade -- United States.; Iron industry and trade -- Canada.; Iron industry and trade -- Labor productivity.
Description: "In the early 1980s, as a result of unprecedented developments in the world steel market, iron-ore was entering the Great Lakes from as far away as South America.The Great Lakes regional producers, that is, the U.S.and Canadian iron-ore industries, faced a major crisis that cast doubt on their future.In response to the crisis, these iron-ore industries dramatically changed how they produced iron-ore, in the process doubling their labor productivity and pushing foreign competition out of the Great Lakes.I show that most of the productivity gains were due to changes in institutional rules, and most importantly in work rules, that governed how production took place"--Federal Reserve Bank of Minneapolis web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/15/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.