Study suggests worker effort and productivity increases in economic downturn
Wednesday, September 11, 2013 - 07:00
in Mathematics & Economics
A new study from the University of Utah's David Eccles School of Business and Stanford University suggests that in times of recession, worker output increases and employers and firms are able to "do more with less." Additionally, the study shows that workers' increased efforts directly correlate with local unemployment rates, and that the greatest increases in productivity come from workers who are less productive pre-recession.