Productivity or Employment : Is It a Choice? /

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms' production deci...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: De Michelis, Andrea
مؤلفون آخرون: Estevao, Marcello, Wilson, Beth Anne
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2013.
سلاسل:IMF Working Papers; Working Paper ; No. 2013/097
الوصول للمادة أونلاين:Full text available on IMF