16 Pages Posted: 25 Jan 2004
Date Written: December 2003
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.
Keywords: Productivity, long-run identifying assumption, Granger-causality
JEL Classification: E24, E32, O3
Suggested Citation: Suggested Citation
Christiano, Lawrence J. and Eichenbaum, Martin and Vigfusson, Robert, The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology (December 2003). FRB International Finance Discussion Paper No. 790. Available at SSRN: https://ssrn.com/abstract=488903 or http://dx.doi.org/10.2139/ssrn.488903