| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16202 |
| DP16202 Labor adjustment and productivity in the OECD | |
| Maarten Dossche; Andrea Giovanni Gazzani; Vivien Lewis | |
| 发表日期 | 2021-05-28 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well as stable employment. In contrast, the constant-effort model fails to replicate the observed cross-country pattern in the data. By implication, labor market deregulation has a greater effect on the cyclicality of labor productivity and on the relative volatility of employment when effort can vary. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Effort Hours Labor adjustment Labor market deregulation Labor productivity |
| URL | https://cepr.org/publications/dp16202 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545173 |
| 推荐引用方式 GB/T 7714 | Maarten Dossche,Andrea Giovanni Gazzani,Vivien Lewis. DP16202 Labor adjustment and productivity in the OECD. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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