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Do technology shocks drive hours up or down? A little evidence from an agnostic procedure

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dc.contributor.author Pesavento, Elena
dc.contributor.author Rossi, Barbara, 1971-
dc.date.accessioned 2019-01-17T08:45:01Z
dc.date.available 2019-01-17T08:45:01Z
dc.date.issued 2005
dc.identifier.citation Pesavento E, Rossi B. Do technology shocks drive hours up or down? A little evidence from an agnostic procedure. Macroecon Dyn. 2005 Sep;9(4):478-88. DOI: 10.1017/S1365100505040356
dc.identifier.issn 1365-1005
dc.identifier.uri http://hdl.handle.net/10230/36308
dc.description.abstract This paper analyzes the robustness of the estimate of a positive productivity shock on hours to the presence of a possible unit root in hours. Estimations in levels or in first differences provide opposite conclusions. We rely on an agnostic procedure in which the researcher does not have to choose between a specification in levels or in first differences. We find that a positive productivity shock has a negative impact effect on hours, but the effect is much shorter lived, and disappears after two quarters. The effect becomes positive at business-cycle frequencies, although it is not significant.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Cambridge University Press
dc.relation.ispartof Macroeconomic Dynamics. 2005 Sep;9(4):478-88.
dc.rights © Cambridge University Press. The published version of the article: Pesavento E, Rossi B. Do technology shocks drive hours up or down? A little evidence from an agnostic procedure. Macroecon Dyn. 2005 Sep;9(4):478-88 is available at https://doi.org/10.1017/S1365100505040356
dc.title Do technology shocks drive hours up or down? A little evidence from an agnostic procedure
dc.type info:eu-repo/semantics/article
dc.identifier.doi http://dx.doi.org/10.1017/S1365100505040356
dc.subject.keyword Technology shocks
dc.subject.keyword Positive productivity
dc.subject.keyword Hours worked
dc.rights.accessRights info:eu-repo/semantics/openAccess
dc.type.version info:eu-repo/semantics/acceptedVersion


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