Dupaigne, Martial; Feve, Patrick; Matheron, Julien - In: Review of Economic Dynamics 10 (2007) 2, pp. 238-255
Structural Vector Autoregressions with a differenced specification of hours (DSVAR) suggest that productivity shocks identified using long--run restrictions lead to a persistent and significant decline in hours worked. This evidence calls into question standard business cycle models in which a...