Do technological improvements in the manufacturing sector raise or lower employment?
By: Yongsung Chang and Jay H. Hong.
Contributors: Hong, Jay H.
Series: Working paper ;; no. 05-5; Working paper (Federal Reserve Bank of Philadelphia : Online) ;; no. 05-5.
Publisher: Federal Reserve Bank of Philadelphia
Published: 2005
Place of publication: Philadelphia, PA
Language: eng
Format: Electronic resource
Subjects: Labor productivity -- Effect of technological innovations on.
Description: "We find that  technology's effect on employment varies greatly across manufacturing  industries.  Some industries exhibit a temporary reduction in employment in  response to a permanent increase in TFP, whereas far more industries exhibit an  employment increase in response to a permanent TFP shock.  This raises serious  questions about existing work that finds that a labor productivity shock has a  strong negative effect on employment.  There are tantalizing and interesting  differences between TFP and labor productivity.  We argue that TFP is a more  natural measure of technology because labor productivity reflects shifts in the  input mix as well as in technology"--Federal Reserve Bank of Philadelphia web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/19/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.