Theoretical predictions of the effect of TFP growth on employment are ambiguous, and depend on the extent to which new … technology is embodied in new jobs. We estimate a model for employment, wages and investment with an annual panel for the United … States, Japan and Europe and find that TFP growth increases employment. For the United States TFP growth explains the trend …

Theoretical predictions of the effect of TFP growth on employment are ambiguous, anddepend on the extent to which new … technology is embodied in new jobs. We estimate amodel for employment, wages and investment with an annual panel for the United … States,Japan and Europe and find that TFP growth increases employment. For the United StatesTFP growth explains the trend …