DO TECHNOLOGY SHOCKS LEAD TO A FALL IN TOTAL HOURS WORKED?
成果类型：
Article
署名作者：
Uhlig, Harald
署名单位：
Humboldt University of Berlin; Tilburg University; Centre for Economic Policy Research - UK
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/154247604323068050
发表日期：
2004
页码：
361-371
关键词：
摘要：
This paper contributes to the debate initiated by Gali in 1999. I provide a theory with capital income taxation, labor hoarding as well as long-run shifts in the social attitudes to the workplace-modelled as leisure at the workplace-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 long-run identification or standard short-run identification, when applied to artificial data. With U.S. data and medium-run identification, I find the robust result that technology shocks lead to a hump-shaped response of total hours worked, which is mildly positive following a near-zero initial response. (JEL: E32, E24, C32, C15)
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