Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik H. - 2021
decline in hours worked. In the model, a permanent reduction in technological growth decreases steady state hours worked by … the decline in technological growth to show that technological growth has a highly significant positive effect on hours. A … decline in the long-run trend of technological growth by one percentage point is associated with a decline in trend hours …