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The German Productivity Paradox - Facts and Explanations
Elstner, Steffen; Feld, Lars P.; Schmidt, Christoph M. - 2018
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/10011931981
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The German Productivity Paradox - Facts and Explanations
Elstner, Steffen - 2018
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/10012908671
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Macroeconomic Shocks and Racial Labour Market Differences in the U.S
De, Kuhelika - 2020
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012844419
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Persistence and cycles in US hours worked
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2012
technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …
Persistent link: https://www.econbiz.de/10010281793
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Technological Growth and Hours in the Long Run : Theory and Evidence
Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik H. - 2021
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/10013222213
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Time variation in U.S. wage dynamics
Hofmann, Boris; Peersman, Gert; Straub, Roland - 2010
This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...
Persistent link: https://www.econbiz.de/10010274983
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The Diffusion of Technological Progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2021
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/10013314751
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The Diffusion of Technological Progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020
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/10012425696
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Uncertainty and Monetary Policy in Good and Bad Times : A Replication of the VAR Investigation by Bloom (2009)
Caggiano, Giovanni - 2020
an uncertainty shock. We find a significantly stronger response of real activity in recessions. Counterfactual …
Persistent link: https://www.econbiz.de/10012824829
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Macroeconomic Shocks and Racial Labour Market Differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply – on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012179803