The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series computed in Basu, Fernald and Kimball (1999). We conclude that hours worked rise after such a shock.
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Copy CitationLawrence J. Christiano, Martin Eichenbaum, and Robert Vigfusson, "The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology," NBER Working Paper 10254 (2004), https://doi.org/10.3386/w10254.Download Citation
Published Versions
Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2004. "The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 381-395, 04/05. citation courtesy of 
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