The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series computed in Basu, Fernald, and Kimball (1999). We conclude that hours worked rise after such a shock. (JEL: E24, E32, O3) Copyright (c) 2004 The European Economic Association.

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Year of publication:	2004
Authors:	Christiano, Lawrence J. ; Eichenbaum, Martin ; Vigfusson, Robert
Published in:	Journal of the European Economic Association. - MIT Press. - Vol. 2.2004, 2-3, p. 381-395
Publisher:	MIT Press

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005814573