The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

Lawrence Christiano (), Martin Eichenbaum () and Robert John Vigfusson ()

No 10254, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series computed in Basu, Fernald and Kimball (1999). We conclude that hours worked rise after such a shock.

JEL-codes: E24 E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge
Date: 2004-01
Note: EFG
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Working Paper: The response of hours to a technology shock: evidence based on direct measures of technology (2003)
Journal Article: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology (2004)
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