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Technology Shocks and Labor Market Dynamics : Some Evidence and Theory
Liu, Zheng - 2006
We study the effects of technology shocks on labor market dynamics. We provide evidence that a positive technology … shock leads to a weak response in nominal wage inflation, a modest decline in price inflation, and a modest rise in the real … wage on impact and a permanent rise in the long run. The same shock may lead to a rise or fall in per capita hours …
Persistent link: https://www.econbiz.de/10012734769
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New evidence, old puzzles : technology shocks and labor market dynamics
Balleer, Almut - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 363-392
inestigates the sources of productivity fluctuations that are commonly interpreted s technology shocks. I estimate different types … of technology shocks from structural vector autoregressions and reassess the empirical performance of the standard model … based on second moments that are conditional on technology and nontechnology (preference) shocks. Most prominently, the …
Persistent link: https://www.econbiz.de/10011756844
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State dependence in labor market fluctuations
Pizzinelli, Carlo; Theodoridis, Konstantinos; Zanetti, … - 2020
This paper documents state dependence in labor market fluctuations. Using aThreshold Vector Autoregression model (TVAR), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response to productivity shocks during periods with low aggregate...
Persistent link: https://www.econbiz.de/10012179347
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2005
cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …
Persistent link: https://www.econbiz.de/10003227218
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai Philipp - 2016
Persistent link: https://www.econbiz.de/10012991192
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai Philipp - 2006
cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …
Persistent link: https://www.econbiz.de/10012783591
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Flexible prices, labor market frictions, and the response of employment to technology shocks
Mandelman, Federico S.; Zanetti, Francesco - 2013
Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a … response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …
Persistent link: https://www.econbiz.de/10010209115
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Technology shocks, employment and labour market frictions
Mandelman, Federico S.; Zanetti, Francesco - 2010
Recent empirical evidence suggests that a positive technology shock leads to a decline in labour inputs. However, the … of employment to a technology shock. The results of the estimation support the hypothesis that labour market frictions … are the factor responsible for the negative response of employment. -- Technology shocks ; employment ; labour market …
Persistent link: https://www.econbiz.de/10003969377
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Flexible Prices, Labor Market Frictions, and the Response of Employment to Technology Shocks
Mandelman, Federico - 2015
Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a … response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs …
Persistent link: https://www.econbiz.de/10013026151
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Technology Shocks, Employment, and Labor Market Frictions
Mandelman, Federico; Zanetti, Francesco - 2014
Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the … employment to a technology shock. The results of the estimation support the hypothesis that labor market frictions are …
Persistent link: https://www.econbiz.de/10014048964