An identical two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that …

aggregate hours worked respond positively to a positive technology shock. Two novel aspects of the analysis are the scope (14 … hours. We show that the short-run response of aggregate hours to a positive technology shock is remarkably similar across …

-biased technical change for the flattening of productivity growth and effects on hours worked. The results show that more than 60 … percent of the slowdown in productivity growth in Germany since the early 2000s can be explained by the SBTC development …

An identical two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that …

A positive joint two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that …) challenging empirical finding that labour supply decreases upon impact of a positive productivity shock is reproduced, while …

in aggregate demand, unemployment rate, real wage and labour productivity, which captures key components of the labour … model to identify four structural innovations: aggregate demand, labour supply, wage bargaining, and productivity; (iii …) quantifies the dynamic responses of the labour share to each structural shock; (iv) compares these results across the two periods …

builds upon the sectoral shock literature and combines its insights with the standard endogenous separation matching approach …

market with wage rigidities may not recover from such a temporary labor supply shock: with a younger and less experienced … even after the shock. In a competitive market, in contrast, wage inequality and notably, the wage return to experience … becomes higher but there is no persistence of the supply shock. Higher education prevents this intertemporal multiplication of …