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

Lawrence Christiano, Martin Eichenbaum and Robert 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)
Date: 2004-01
New Economics Papers: this item is included in nep-dge
Note: EFG
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Citations: View citations in EconPapers (139)

Published as Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2004. "The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 381-395, 04/05.

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Journal Article: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology (2004)
Working Paper: The response of hours to a technology shock: evidence based on direct measures of technology (2003)
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