Similar Search Results

Expansionary and contractionary technology improvements : conference paper

Balleer, Almut; Enders, Zeno - 2013 - Preliminary and incomplete

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

Macroeconomic regimes, technological shocks and employment dynamics

Ferraresi, Tommaso; Roventini, Andrea; Semmler, Willi - 2016

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

Flexible prices, labor market frictions, and the response of employment to technology shocks

Mandelman, Federico S.; Zanetti, Francesco - 2013

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

Man-cessions, fiscal policy, and the gender composition of employment

Bredemeier, Christian; Jüßen, Falko; Winkler, Roland - 2015

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

The distributional effects of technology shocks : evidence from the Czech Labour market

Junicke, Monika; Matějů, Jakub; Mumtaz, Haroon; … - 2024 - This version: November 9, 2024

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

Revisiting the Productivity-Hours Puzzle in the RBC Paradigm: The Role of Investment Adjustment Costs

Albonico, Alice; Kalyvitis, Sarantis; Pappa, Evi - 2012

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

Real Business Cycles with Capital Maintenance

Albonico, Alice; Kalyvitis, Sarantis; Pappa, Evi - 2011

We develop a stochastic general equilibrium model in which maintenance endogenously affects the capital depreciation rate. The model performs well in generating maintenance series that match closely existing survey-based measures for Canada. Maintenance is procyclical and comoves almost always...

Persistent link: https://www.econbiz.de/10010343861

What are the effects of technology shocks on international labor markets?

Rujin, Svetlana - 2019

How do international labor markets respond to a technology shock and what is the main transmission channel across countries with different labor market institutions? To answer these questions, I identify technology shocks using the approach of Galí (1999) and decompose the responses of total...

Persistent link: https://www.econbiz.de/10011998955

Measures of technology and the business cycle

Alexius, Annika; Carlsson, Mikael - 2002

Empirical evidence on the relationship between technology shocks and e.g. hours worked hinges crucially on the identification of the unobservable technological progress. In this paper, we study different measures of technology in order to find out (i) to what extent they capture the same...

Persistent link: https://www.econbiz.de/10011586197

Technology shocks and hours worked : a cross-country analysis

Thomet, Jacqueline; Wegmüller, Philipp - 2018

Using a novel data set, we reassess the evidence for (or against) a key implication of the basic RBC model: that aggregate hours worked respond positively to a positive technology shock. Two novel aspects of the analysis are the scope (14 OECD countries) and the inclusion of data on both labor...

Persistent link: https://www.econbiz.de/10011961312