Felipe, Jesus; Bajaro, Donna Faye; Estrada, Gemma; … - In: PSL quarterly review 73 (2021) 295, pp. 367-392
find no evidence that technical change (proxied by the growth of productivity) reduces employment growth. We demonstrate … after both direct and indirect effects are accounted for, technical change is, on the aggregate, employment-augmenting. They … productivity growth suffers from omitted-variable bias. As the omitted variable is known, we can have a good idea of what the …