Labor Productivity: Structural Change and Cyclical Dynamics
نویسندگان
چکیده
منابع مشابه
Labor Productivity: Structural Change and Cyclical Dynamics
A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing hypothesis we derive the implications for cyclical productivity conditional on expectations of future demand...
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ژورنال
عنوان ژورنال: Review of Economics and Statistics
سال: 2001
ISSN: 0034-6535,1530-9142
DOI: 10.1162/00346530152480072