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- W2117360332 abstract "We provide empirical evidence that a positive shock to technology drives per capita hours worked, consumption, investment, average productivity and output up. This evidence contrasts sharply with the results reported in a large and growing literature that argues, on the basis of aggregate data, that per capita hours worked fall after a positive technology shock. We argue that the difference in results primarily reflects specification error in the way that the literature models the low-frequency component of hours worked." @default.
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- W2117360332 date "2003-07-01" @default.
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- W2117360332 title "What Happens After a Technology Shock?" @default.
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- W2117360332 doi "https://doi.org/10.3386/w9819" @default.
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