preference or more generally a demand shock. More recently two other explanations have been advocated: surprise changes in …

candidates for this role: technology or other shocks that map to TFP movements; news about future productivity; and inflationary …

positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive …

We investigate how the deterioration of household balance sheets affects worker productivity, and whether such effects …. We find that, following a negative wealth shock, innovative workers become less productive, and generate lower economic …

This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an … earnings growth variance can be attributed to job mobility, which interacts with productivity shocks. We evaluate the effects …

show that a shock that changes average labor productivity primarily alters the present value of wages, generating only a …-unemployment ratio is 20 times as volatile as average labor productivity, while under weak assumptions, search models predict that the … vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical …

.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs … decomposition of total factor productivity growth …