The influence of lagged adjustment and consumer spending on retail labour productivity is investigated. Both influences result in a procyclical productivity pattern.

capital productivity, consumer behavior, consumption (economics), industrial productivity, labor economics, labor productivity,
Bulletin of Economic Research
Erasmus School of Economics

Thurik, A.R, & Kleijweg, A.J.M. (1986). Procyclical retail labour productivity. Bulletin of Economic Research, 169–175. doi:10.1111/j.1467-8586.1986.tb00212.x