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Jobless growth in the South Korean manufacturing industry has been observed since 2015. Even as total value added in the manufacturing sector is continuously growing, manufacturing employment levels are decreasing; this pattern first emerged in the 1990s, lasting for a decade. The decoupling of...
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"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …
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Recently, Galí and others have found that technological progress may be contractionary: a favorable technology shock reduces hours worked in the short run. We ask whether this observation is robust in disaggregate data. According to our VAR analysis of 458 four-digit U.S. manufacturing...
Persistent link: https://www.econbiz.de/10013097126
Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …
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