Facing Up to Low Productivity Growth

Labor productivity growth in the United States and other advanced countries has slowed dramatically since the mid-2000s, a major factor in their economic stagnation and political turmoil. Economists have been debating the causes of the slowdown and possible remedies for some years. Unaddressed in this discussion is what happens if the slowdown is not reversed.

In this volume, a dozen renowned scholars analyze the impact of sustained lower productivity growth on public finances, social protec...