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Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011900858
Since at least the mid-2000's, many advanced economies have experienced low productivity growth. This development is … often related to the declining productivity gains at the technology frontier, which is commonly assumed to be determined by … the U.S. We challenge this explanation by studying the effects of changes in U.S. technology on the productivity level in …
Persistent link: https://www.econbiz.de/10011982561
Persistent link: https://www.econbiz.de/10012516396
rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper … inestigates the sources of productivity fluctuations that are commonly interpreted s technology shocks. I estimate different types … correlation of productivity with unemployment and job finding that is conditional on both technology and nontechnology shocks. …
Persistent link: https://www.econbiz.de/10011756844
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
Persistent link: https://www.econbiz.de/10012391362
How do international labor markets respond to a technology shock and what is the main transmission channel across …
Persistent link: https://www.econbiz.de/10011998955
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 …
Persistent link: https://www.econbiz.de/10011961312
a positive permanent technology shock along with a rise in labor productivity that are in line with what the data … correlation between hours worked and labor productivity. In this paper, I show that this conjecture is not necessarily correct. In … the basic RBC model, I find that hours worked fall and labor productivity rises after a positive permanent technology …
Persistent link: https://www.econbiz.de/10011585319
percent of the slowdown in productivity growth in Germany since the early 2000s can be explained by the SBTC development …-biased technical change for the flattening of productivity growth and effects on hours worked. The results show that more than 60 … des Produktivitätswachstums in Deutschland seit den frühen 2000er Jahren erklärt. Außerdem reduzieren SBTC-Schocks das …
Persistent link: https://www.econbiz.de/10011752244
This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor … inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs … productivity and production inputs. In addition, these shocks trigger different reactions of certain variables, which can help …
Persistent link: https://www.econbiz.de/10010336790