At least since 1870 hours worked per worker declined and real wages increased in many of today's industrialized countries. The dual nature of technological progress in conjunction with a consumption-leisure complementarity explains these stylized facts. Technological progress drives real wages...

How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...

A balanced growth path that accounts for a decline in hours worked per worker approximates the evolution of today’s industrialized countries since 1870. This stylized fact is explained in an OLG-model featuring two-period lived individuals equipped with per-period utility functions of the...

Von dem vierten Gesetz für moderne Dienstleistungen am Arbeitsmarkt (Hartz IV), das mit dem 1. Januar 2005 in Kraft trat, erhoffte sich der Gesetzgeber eine Stärkung der Anreize, Arbeit anzubieten. Dieser Aufsatz analysiert die Beschäftigungswirkungen einer Senkung staatlicher...

At least since 1870 hours worked per worker declined and real wages increased in many of today's industrialized countries. The dual nature of technological progress in conjunction with a consumption-leisure complementarity explains these stylized facts. Technological progress drives real wages...