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in working hours may have two contrasting effects on hourly productivity: a "fatigue effect" and a "learning effect." An … linkage between working time and productivity, supporting the existence of a learning effect as well as a fatigue effect from … the working time system: (i) a reduction in working hours, on one hand, may increase productivity by reducing fatigue and …
Persistent link: https://www.econbiz.de/10013026015
to productivity and monetary policy shocks. I allow the labor input to change both at the extensive margin and at the … sluggish response of inflation. I find that output and consumption show large and persistent responses to productivity and …
Persistent link: https://www.econbiz.de/10013155429
Persistent link: https://www.econbiz.de/10009375384
decline in productivity growth and the average number of hours per person observed across major industrialized countries …
Persistent link: https://www.econbiz.de/10011419550
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using the standard neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a...
Persistent link: https://www.econbiz.de/10012546254
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895
elasticity is equal to one. This suggests that a reduction in working hours would not have any significant productivity effects …
Persistent link: https://www.econbiz.de/10012773041
Persistent link: https://www.econbiz.de/10013278453
measurement of long-run productivity change. The analysis provides a link between a technology rooted in physical capital with one … rooted in human capital. Shiftwork, Capital Hours and Productivity Change, which emphasizes empirical research, should be of … multifactor productivity statistics that are now being published by the U.S. Bureau of Labor Statistics for detailed (two …
Persistent link: https://www.econbiz.de/10013521945
An identical two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that … responses; Gali's (1999) negative impulse response of labour supply; and hours volatility. -- real business cycle ; human …
Persistent link: https://www.econbiz.de/10009154774