“Everyone knows that the Internet is changing our lives, mostly because someone in the media has uttered that exact phrase every single day since 1993." - Chuck Klosterman
The problem is that despite the notion that technology is increasing the pace of lives, none of this progress is reflected in productivity data. In fact, we've had historically low productivity growth since 2004; think of it as the "speed limit" of the economy. Why?
ABOUT THE PRESENTER
Chad Syverson's research spans several topics, with a particular focus on the interactions of firm structure, market structure, and productivity. His work has been published in several top journals and has earned several National Science Foundation Awards, Olin Foundation Grants, and a Brookings Dissertations Fellowships. Along with Austan Goolsbee and Steve Levitt, he is the co-author of Microeconomics 2e.
"My engineering background definitely spurred my research interest in productivity. I like to visit factories and investigate how things are put together, what can go wrong when they are, and what factors influence firms' operating success (or lack thereof)."
Syverson is an associate editor of the Rand Journal of Economics, an editorial board member of the B.E. Journal of Economic Analysis & Policy, and a research associate of the National Bureau of Economic Research in the Productivity, Industrial Organization, Environmental and Energy Economics, and EFG Programs. He also serves on the board of the Chicago Census Research Data Center. Prior to these appointments, Syverson was visiting scholar at the Federal Reserve Bank of Minneapolis and a mechanical engineer co-op for Loral Defense Systems and Unisys Corporations.
He earned two bachelor's degrees in 1996 from the University of North Dakota, one in economics and one in mechanical engineering. He earned a master's degree in 1998 and a PhD in 2001, both in economics from the University of Maryland. Syverson joined the Chicago Booth faculty in 2008.
ABOUT THE WEBINAR
EconED Virtual is a series of webinars based off the popular "TED" style talks given at Worth's annual EconED Conference. Unlike the conference, the webinars focus on courses in the intermediate level and above. They cover the most timely and prescient topics researched by our award-winning authors and aim at helping instructors relay the latest and most engaging application of economic theories to their students.