The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
利用Basu等人计算的总体技术序列,研究正向技术冲击后工时如何变化,发现工时在冲击后上升。
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.