investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a …

Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that … percent of all the variations in labor productivity. Also, our estimation method and our results suggest that conventional …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …

This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …

The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s … percent. We examine whether relatively standard wage and employment equations can account for the volatile economic … demand equations suggest that cuts in working time may have slightly increased employment as firms substituted workers for …

This paper was prepared for the 1998 IDB/IIC Annual Meeting entitled: The Employment in Latin America: What is the … structural reforms, employment problems have persisted in Latin America. The 1990s have seen a slowdown in the rate of job … creation, and unemployment rates have stagnated at about 10 percent. Informal sector employment has expanded, and increases in …

associated with it In particular we distinguish between employment hours and effort per worker and allow for adjustment costs … associated with employment changes We assume that the requirement function for effective hours has a general trans …-logarithmic form and derive an estimable system of Euler equations for inventories and employment with implied cross …

The employment structure of India's organised manufacturing sector has undergone substantial changes over the last … has attributed the widespread use of contract labour to India's rigid employment protection legislation. Using plant level …