Productivity or Employment: Is It a Choice?
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the response of employment is determined by their effect on aggregate demand. We approach the relationship between TFP and labour input differently, raising the possibility that in response to labour supply shocks...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Centre for the Study of Living Standards
2013-04-01
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| Series: | International Productivity Monitor |
| Subjects: | |
| Online Access: | http://www.csls.ca/ipm/25/IPM-25-Michelis-Estevao-Wilson.pdf |