labor productivity shock has a strong negative effect on employment. There are tantalizing and interesting differences … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a … between TFP and labor productivity. We argue that TFP is a more natural measure of technology because labor productivity …

labor productivity shock has a strong negative effect on employment. There are tantalizing and interesting differences … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a … between TFP and labor productivity. We argue that TFP is a more natural measure of technology because labor productivity …

the real product wage and labor productivity at the industry level. I use two datasets of manufacturing industries: the EU … consistent with distributive theories whereby real wages keep apace of labor productivity growth, giving rise to long …