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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). We estimate these two shocks jointly based on a...
Persistent link: https://www.econbiz.de/10010336790
In this work, we investigate the interrelations among technology, output and employment in the different states of the … effects of productivity shocks on employment are abundantly negative in downturns, but they are not significantly different …
Persistent link: https://www.econbiz.de/10011483831
response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …
Persistent link: https://www.econbiz.de/10010209115
-economy business cycles tend to be shallower in advanced economies than in EMDEs. Informal employment in both advanced economies and …
Persistent link: https://www.econbiz.de/10012625108
Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....
Persistent link: https://www.econbiz.de/10010490623
fiscal shocks and non-fiscal shocks on the gender composition of employment. We show that contractionary non-fiscal shocks … lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock … predominantly raises the employment of women. Taken together, these results imply a trade-off dilemma for policy that seeks to …
Persistent link: https://www.econbiz.de/10010502790
Recent dynamic contracting models of downward real wage rigidity with "equal treatment" - newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...
Persistent link: https://www.econbiz.de/10011855567
not allow to analyse spatial interdependence. In our approach, instead, we make use of local employment patterns. In … particular, using sectoral employment of 8091 Italian municipalities across 18 economic activities, our approach allows to … identify spatial inter-linkages in terms of employment patterns. By comparing such local employment patterns, our methodology …
Persistent link: https://www.econbiz.de/10012111812
This paper uses administrative labour market data from Czechia to investigate the heterogeneous effects of technology shocks. Using a FAVAR, the shock is identified using medium run restrictions à la Uhlig (2004b). Workers on low wages reduce their hours in response to the shock, while the...
Persistent link: https://www.econbiz.de/10015166958
Conventional RBC models have been heavily criticized for their inability to generate the estimated negative correlations of hours and productivity in response to technology shocks ('productivity-hours puzzle'). In this paper we show that by just enhancing the standard frame- work with investment...
Persistent link: https://www.econbiz.de/10010343821