Technology Shock and Labor Market Dynamics: International Evidence

2020 ◽  
Author(s):  
Han Yan ◽  
Meng Yan ◽  
Karjoo Ziba

2010 ◽  
Author(s):  
Clemens Kühn ◽  
Katja Hillmann


2021 ◽  
pp. 1-29
Author(s):  
Sangyup Choi ◽  
Myungkyu Shim

This paper establishes new stylized facts about labor market dynamics in developing economies, which are distinct from those in advanced economies, and then proposes a simple model to explain them. We first show that the response of hours worked and employment to a technology shock—identified by a structural VAR model with either short-run or long-run restrictions—is substantially smaller in developing economies. We then present compelling empirical evidence that several structural factors related to the relevance of subsistence consumption across countries can jointly account for the relative volatility of employment to output and that of consumption to output. We argue that a standard real business cycle (RBC) model augmented with subsistence consumption can explain the several salient features of business cycle fluctuations in developing economies, especially their distinct labor market dynamics under technology shocks.







2013 ◽  
Vol 35 ◽  
pp. 453-463 ◽  
Author(s):  
Natalia Ponomareva ◽  
Jeffrey Sheen


2016 ◽  
Vol 143 ◽  
pp. 32-37 ◽  
Author(s):  
Michael Donadelli ◽  
Patrick Grüning




Author(s):  
Michael B. Clement ◽  
Kelvin Law


2007 ◽  
Vol 54 (8) ◽  
pp. 2534-2553 ◽  
Author(s):  
Zheng Liu ◽  
Louis Phaneuf


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