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Technology shocks and hours worked: Checking for robust conclusions

✍ Scribed by Karl T. Whelan

Book ID: 113722455
Publisher: Elsevier Science
Year: 2009
Tongue: English
Weight: 323 KB
Volume: 31
Category: Article
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2008.06.003

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## Abstract We analyze the effects of neutral and investment‐specific technology shocks on hours and output. Long cycles in hours are removed in a variety of ways. Hours robustly fall in response to neutral shocks and robustly increase in response to investment‐specific shocks. The percentage of th