Productivity or Employment

Released on by Ms.Andrea De Michelis
preview-18

  • Productivity or Employment Book Detail

  • Author : Ms.Andrea De Michelis
  • Release Date : 2013-05-03
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 31
  • ISBN 13 : 1484371844
  • File Size : 58,58 MB
DOWNLOAD BOOK

Productivity or Employment by Ms.Andrea De Michelis PDF Summary

Book Description: Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production decisions. We present robust cross-country evidence of a strong negative correlation between growth in TFP and labor inputs over the medium to long run. In addition, when using instruments to capture changes in hours worked that are independent of TFP shocks, we find that cross-country increases in labor input cause reductions in TFP growth. These results have important policy implications, including that low productivity growth in some countries may partly be a side effect of strong labor market performance. By the same token, countries facing a declining workforce, say, because of aging, may see accelerating TFP as firms find better ways of employing workers.

Disclaimer: www.yourbookbest.com does not own Productivity or Employment books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Productivity or Employment

Productivity or Employment

File Size : 49,49 MB
Total View : 5763 Views
DOWNLOAD

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We ra

Health and Migration

Health and Migration

File Size : 25,25 MB
Total View : 2280 Views
DOWNLOAD

The Seminar on Health and Migration was initiated in recognition of the need to assess the public health implications of increasingly mobile populations, and to