Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles
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We thank our discussants T. Van Rens and L. Fang, as well as R. Rogerson, Y. Chang, T. Cooley, M. Bils and participants at the 77th Meeting of the Carnegie-Rochester Conference on Public Policy "Advances in Labor Market Dynamics" for very useful suggestions. We also thank seminar participants at the Federal Reserve Board, 2011 Midwest Macroeconomics Meetings, Ohio State University, Queens University, 2011 SCIEA Meetings, Bank of Italy, and 2011 SED Meetings for comments. Michelle Olivier, Giang Ho and Gonzalo Llosa provided outstanding research assistance. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the National Bureau of Economic Research, the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System.