Construction is a labor-intensive business. Despite tremendous advances in design, coordination, and management technologies, the physical installation of work in the field remains reliant on people.

This paper investigates the aggregate impact of Artificial Intelligence (AI) technology on labor productivity, exploiting patent data in OECD countries during 2000-2017. We first document that after ...

Americans are getting more efficient on the job, and it's not because of AI. That's great news for the US economy and the stock market's future.

Labor productivity in Sweden is among the highest in Europe but has been experiencing a secular decline since the GFC, similar to trends in other advanced economies. Sweden’s strong performance is ...

Construction productivity and efficiency are essential for the success of any building project, as they are directly connected to labor efficiency. Data shows that the construction industry has faced ...

Labor productivity gains over the past three years helped the U.S. economy expand steadily, even with near-zero employment growth. Combined with substantially increased business investment in ...

Productivity in government-funded sectors such as health and aged care has hit a 10-year low despite soaring employment in the sector, with similar slumps in the construction industry raising fears of ...