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- W2022927744 abstract "The paper investigates the importance of three shocks at the industry level for explaining industry labor productivity movements; industry demand shocks, supply shocks, and labor supply shocks. The results from vector autoregressions show that the two supply shocks are the main determinants of labor productivity movements, where increases in labor supply are associated with persistently declining labor productivity. Labor supply shocks can explain from 65% to 73% of labor productivity variation at a three-year horizon in the trade and services industries. (JEL O, O3, J22, L6-L9)" @default.
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- W2022927744 date "1998-10-01" @default.
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- W2022927744 title "EXPLAINING INDUSTRY LABOR PRODUCTIVITY MOVEMENTS" @default.
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- W2022927744 doi "https://doi.org/10.1111/j.1465-7295.1998.tb01743.x" @default.
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