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Since at least the mid-2000's, many advanced economies have experienced low productivity growth. This development is … often related to the declining productivity gains at the technology frontier, which is commonly assumed to be determined by … the U.S. We challenge this explanation by studying the effects of changes in U.S. technology on the productivity level in …
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correlation between hours worked and labor productivity. In this paper, I show that this conjecture is not necessarily correct. In … the basic RBC model, I find that hours worked fall and labor productivity rises after a positive permanent technology … a positive permanent technology shock along with a rise in labor productivity that are in line with what the data …
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productivity depends on their age through the build-up of labour market experience and the depreciation of human capital. We make … wisdom following an increase in longevity, depending on the corresponding change in the age-productivity profile. …
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