Effects of productivity shocks on hours worked: UK evidence
نویسندگان
چکیده
منابع مشابه
Technology Shocks and Hours Worked: Checking for Robust Conclusions
This paper presents some new results on the effects of technology shocks on hours worked based on structural VAR specifications containing various measures of US productivity growth and hours. These specifications can produce different answers depending on which sector of the economy is examined, which transformation of hours worked is used, and on how many lags are chosen for the VAR. However,...
متن کاملNonfundamental Representations of the Relation between Technology Shocks and Hours Worked
Estimating the response of hours worked to technology shocks is often considered as a crucial step for evaluating the applicability of macroeconomic models to reality. In particular, Galí [1999] has considered the conditional correlation between employment and productivity as a key tool for building an empirical evaluation of Real Business Cycle theories and New-Keynesian models. Impulse-respon...
متن کاملRelative Income and Hours Worked:
The so called “happiness paradox”, i.e. the non increasing long-term trends of the subjective wellbeing, has been explained by theories based on social comparisons. If such explanations are taken seriously, we have to further check whether they are consistent with the observed trends in hours worked in Western countries. Available evidence suggests that leisure time is only weakly increasing, e...
متن کاملDo Technology Shocks Lead to a Fall in Total Hours Worked
This paper contributes to the debate initiated by Gali (1999). I provide a theory with capital income taxation, labor hoarding as well as long-run shifts in the social attitudes to the work place modelled as ”leisure at the work place” to argue that there are other shocks that may influence labor productivity in the long run. I introduce ”medium-run identification” and show it to be superior to...
متن کاملLabor market responses to rising health insurance costs: evidence on hours worked.
Increases in the cost of providing health insurance must have some effect on labor markets, either in lower wages, changes in the composition of employment, or both. Despite a presumption that most of this effect will be in the form of lower wages, we document a significant effect on work hours as well. Using data from the Current Population Survey (CPS) and the Survey of Income and Program P...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2013
ISSN: 1935-1690,2194-6116
DOI: 10.1515/bejm-2012-0056