International evidence of time-variation in trend labor productivity growth

Christian Glocker and Philipp Wegmueller

Economics Letters, 2018, vol. 167, issue C, 115-119

Abstract: We assess time-variation in labor productivity growth for a broad set of OECD countries over the period 1960–2016. The analysis utilizes a quarterly dataset and takes full account of the intensive labor margin. We apply ‘data-hungry’ endogenous break tests and time-varying parameters median-unbiased estimation. While the decline in labor productivity growth is particularly striking for European countries and Japan, it is rather mild in Anglo-Saxon economies.

Keywords: Labor productivity growth; Structural break tests; Time-varying parameters; Median-unbiased estimation (search for similar items in EconPapers)
JEL-codes: C12 C22 E30 E32 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: International Evidence on Time-Variation in Trend Labor Productivity Growth (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:167:y:2018:i:c:p:115-119

DOI: 10.1016/j.econlet.2018.03.025

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