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Persistent link: https://www.econbiz.de/10002496897
Recently, Galí and others have found that technological progress may be contractionary: a favorable technology shock reduces hours worked in the short run. We ask whether this observation is robust in disaggregate data. According to our VAR analysis of 458 four-digit U.S. manufacturing...
Persistent link: https://www.econbiz.de/10004993903
areas over the period 1980-1990. These regularities relate to changes in resident population, employment, occupations, as …
Persistent link: https://www.econbiz.de/10004993923
competition. But we did find two studies indicating that manufacturing employment in non-metropolitan areas had fared as well or …
Persistent link: https://www.econbiz.de/10004993926
Whether technological progress raises or lowers aggregate employment in the short run has been the subject of much … debate in recent years. Using a simple model of industry employment, we show that cross-industry differences of inventory … holding costs, demand elasticities, and price rigidities potentially all affect employment decisions in the face of …
Persistent link: https://www.econbiz.de/10004993947
on output and employment. They attributed these effects to price-wage stickiness; to rises in real debt, tax, and cost …
Persistent link: https://www.econbiz.de/10004993958
In this paper, we analyze the dynamic behavior of employment and hours worked per worker in a stochastic general … to the firm, causing a reduction of job openings and consequently a decrease in employment. These results are contrasted …
Persistent link: https://www.econbiz.de/10004993987
We find that technology's effect on employment varies greatly across manufacturing industries. Some industries exhibit … a temporary reduction in employment in response to a permanent increase in TFP, whereas far more industries exhibit an … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a …
Persistent link: https://www.econbiz.de/10004994038
changes to explain how money-stock fluctuations produce corresponding business-cycle oscillations in output and employment. He …
Persistent link: https://www.econbiz.de/10004994059
gross worker flows between employment and nonemployment and the cross-sectional earnings and wealth distributions in our …
Persistent link: https://www.econbiz.de/10004994060