Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …

technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …