About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

141 Monthly Lab. Rev. 1 (2018)

handle is hein.journals/month141 and id is 1 raw text is: 



Monthly

      Labor

   Review


SBUS


Measuring productivity growth in construction


This article introduces new measures of productivity
growth for four industries in construction: single-family
residential construction; multifamily residential
construction; highways, roads, and bridges construction;
and industrial construction. Although previous studies
found that productivity is stagnant or declining in the
overall construction sector, we find that productivity growth
is positive and relatively strong in three of the four
industries. The present evidence is more reliable because
the output price deflators are more accurate in the four
industries considered. This article explains in detail how
the new measures were prepared and briefly describes
ongoing research that the U.S. Bureau of Labor Statistics
is conducting to determine what further measures of
productivity growth in construction are feasible.

This article introduces new measures of productivity
growth for four industries in construction: single-family
residential construction; multifamily residential
construction; highways, roads, and bridges construction;
and industrial construction. Our overall results show that
productivity growth has been positive and somewhat
strong in three of the four industries. The industry of
highways and associated construction is the exception.
These results contrast with previous work,1 which
suggested that productivity growth has been negative or
zero within total construction.

These differences in findings are not due to simple data
revisions. Our measures instead reflect an analytical
advance: we examine only those industries in which the
deflators exactly match the industry boundaries. Previous
work generally looked at the total construction sector.
Since the many new deflators now available did not exist then,


  Leo Sveikauskas
  sve iis ka s. e~~ov

  Leo Sveikauskas is a research economist in the
  Office of Productivity and Technology, U.S.
  Bureau of Labor Statistics.

  Samuel Rowe


  Samuel Rowe, formerly an economist in the
  Office of Productivity and Technology, U.S.
  Bureau of Labor Statistics, is a statistician in the
  Office of the Assistant Secretary for Policy, U.S.
  Department of Labor.

  James D. Mildenberger
  M ildeP n lbe. qiimaL(bIS .o

  James D. Mildeniberger is a supervisory
  economist in the Office of Productivity and
  Technology, U.S. Bureau of Labor Statistics.


these prior studies had to use the single-family


housing deflator and an associated cost index to deflate production in most or all of construction.2


January 2018

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 3,000 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline with pricing starting as low as $29.95

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most