'PRODUCTIVE LABOR AND PROFITABILITY IN THE US ECONOMY 1964-2000'

Simon MOHUN (Queen Mary, University of London, UK)

'This paper is concerned with the question of the extent to which measurement of the categories of productive and unproductive labour adds to our understanding of the evolution of profitability in the US economy. Measurement issues are discussed, new measurements are presented and discussed, and further evidence is presented that the beginning of the 1980s marks a major change in the macroeconomic history of the US.'