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employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price … from domestic goods. This causes a temporary decline in domestic employment. If the expenditure-switching effect is …
Persistent link: https://www.econbiz.de/10005082975
employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price … from domestic goods. This causes a temporary decline in domestic employment. If the expenditure-switching effect is …
Persistent link: https://www.econbiz.de/10005082992
employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price … from domestic goods. This causes a temporary decline in domestic employment. If the expenditure-switching effect is …
Persistent link: https://www.econbiz.de/10005083337
response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …
Persistent link: https://www.econbiz.de/10010732476
This paper analyses the response of labor input to technology shocks in an estimated two-stage production framework with both price and wage stickiness and stage-specific shocks to productivity. Our model features a vertical input-output structure with imperfect mobility of labors across stages....
Persistent link: https://www.econbiz.de/10005696840
Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Standard RBC models fails to replicate this stylized fact, while recent papers show that augmenting the model with implementation lags, or habit formation, or shock persistence in growth...
Persistent link: https://www.econbiz.de/10010744156
response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …
Persistent link: https://www.econbiz.de/10010710593
of employment to a technology shock. The results of the estimation support the hypothesis that labour market frictions … are the factor responsible for the negative response of employment. …
Persistent link: https://www.econbiz.de/10008862999
A number of empirical studies find that permanent technological improvements give rise to a temporary drop in hours worked. This finding seriously questions the technology-driven business cycle hypothesis. In this paper we argue that it is important to control for permanent changes in taxes,...
Persistent link: https://www.econbiz.de/10008466342
fiscal shocks and non-fiscal shocks on the gender composition of employment. We show that contractionary non-fiscal shocks … lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock … predominantly raises the employment of women. Taken together, these results imply a trade-off dilemma for policy that seeks to …
Persistent link: https://www.econbiz.de/10010502790