Labor Market Dynamics Under Technology Shocks: Role of Subsistence Consumption
نویسندگان
چکیده
منابع مشابه
Technology shocks and labor market dynamics: Some evidence and theory
A positive technology shock may lead to a rise or a fall in per capita hours, depending on how hours enter the empirical VAR model. We provide evidence that, independent of how hours enter the VAR, a positive technology shock leads to a weak response in nominal wage inflation, a modest decline in price inflation, and a modest rise in the real wage in the short-run and a permanent rise in the lo...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3298731