Pissarides, Christopher; Vallanti, Giovanna - London School of Economics (LSE) - 2004
technology is embodied in new jobs. We estimate a model for employment, wages and investment with an annual panel for the United …Theoretical predictions of the effect of TFP growth on employment are ambiguous, and depend on the extent to which new … States, Japan and Europe and find that TFP growth increases employment. For the United States TFP growth explains the trend …