Trends in hours and economic growth
By: L. Rachel Ngai and Christopher A. Pissarides
Contributors: Pissarides, Christopher A.; London School of Economics and Political Science. Centre for Economic Performance
Series: CEP discussion paper -- no. 746
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2006
Place of publication: London
Language: eng
Format: [electronic resource] /
Description: We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the structural transformation between agriculture, manufacturing and services and on the marketization of home production. The model can rationalize the observed falling or Ushaped pattern for aggregate hours, the shift from agriculture to services and balanced aggregate growth. We find support for the model's predictions in long-run US data.
Notes: Title from PDF file (viewed on Sept. 29, 2006).

"August 2006."

Includes bibliographical references.

Also available in print.

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