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

Lawrence Christiano, Martin Eichenbaum and Robert Vigfusson

Journal of the European Economic Association, 2004, vol. 2, issue 2-3, 381-395

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: E24, E32, O3) Copyright (c) 2004 The European Economic Association.

Date: 2004
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Working Paper: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology (2004) Downloads
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