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Good Times, Bad Times: The Welfare Myth of Them and Us
by John Hills

Good Times, Bad Times: The Welfare Myth of Them and Us
by John Hills

Good Times, Bad Times: The Welfare Myth of Them and Us
by John Hills

217

A moving backdrop

Economic crisis, cuts, growth and ageing

1
terms
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notes

Hills, J. (2015). A moving backdrop. In Hills, J. Good Times, Bad Times: The Welfare Myth of Them and Us. Policy Press, pp. 217-248

Baumol effect (en)

(aka Baumol's cost disease) rise of salaries in jobs that have experienced no increase of labor productivity, in response to rising salaries in other jobs that have experienced the labor productivity growth

246

Historically this has meant that measured productivity has grown more slowly in public services than in other parts of the economy--the so-called 'Baumol effect'

—p.246 by John Hills
notable
6 years, 8 months ago

Historically this has meant that measured productivity has grown more slowly in public services than in other parts of the economy--the so-called 'Baumol effect'

—p.246 by John Hills
notable
6 years, 8 months ago