Procyclical Labour Productivity, Labour Effort and Technology Shocks -a Study of Injury Rates in Swedish Manufacturing 1970-1992

J. Hokkanen

Working Papers from Uppsala - Working Paper Series

Abstract: In empirical studies the finding of procyclical average labour productivity is common. Two possible explanations to these results have been suggested in the literature: (1) labour hoarding/labour utilization, and (2) the Real Business Cycle productivity/technology shock explanation. This study tries to discriminate between these hypotheses by estimatinf the labor input coefficient in a production function regression with instrumental variables that are assumed to be unrelated to technology shocks.

Keywords: PRODUCTIVITY; TECHNOLOGY; LABOUR MARKET; ECONOMETRICS (search for similar items in EconPapers)
JEL-codes: C23 E32 J24 J28 J41 (search for similar items in EconPapers)
Pages: 39 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:uppaal:1998:21

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