In this paper we address the question of whether labor supply shifts are the only source of
the productivity slowdown that occurred across European countries in the last 15 years. This …

In this paper we highlight the joint dynamic behavior of three key variables in labor market.
Precisely, by means of a structural VAR we employ labor productivity, real wage and …

This article investigates the effects of a permanent technology shock on labor input in the
major seven developed countries. The recent empirical literature which uses Structural …

This paper examines the effect of skilled-biased technological shocks on the structure of
wages and the composition of employment in a two-sector economy with a heterogeneous …

Recent empirical work has suggested that in response to a positive technology shock,
labour productivity rises more than output, while employment shows a persistent decline …

The effect of faster technical progress is studied in our labour-turnover model of the natual
rate of unemployment. In its closed economy version, the model implies that, in the limit, as …

We analyze the effects of neutral and investment-specific technology shocks on hours
worked and unemployment. We characterize the response of unemployment in terms of job …

We examine the contribution of different explanations to the slowdown of labor productivity.
Comparing the post-2005 period with the preceding decade for five advanced economies …

This paper presents an explanation of the causes of the slowdown in growth in labour
productivity in European economies in recent decades. In first instance, the weakness of …

We study how workers' wages respond to changes in firm‐level physical productivity using
Swedish data. We find that technology shocks affect workers' wages through both internal …