How do Canadian hours worked respond to a technology shock?
By: Lawrence J Christiano, Martin Eichenbaum, and Robert Vigfusson.
Contributors: Eichenbaum, Martin S.; Vigfusson, Robert J.
Series: International finance discussion papers ;; no. 774; International finance discussion papers (Online) ;; no. 774.
Publisher: Federal Reserve Board
Published: 2003
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Hours of labor -- Canada.
Description: "This paper investigates the response of hours worked to a permanent technology shock.  Based on annual data from Canada, we argue that hours worked rise after a positive technology shock.  We obtain a similar result using annual data from the United States.  These results contradict a large literature that claims that a positive technology shock causes hours worked to fall.  We find that the different results are due to the literature making a specification error in the statistical model of per capital hours worked.  Finally, we present results that Canadian monetary policy has accommodated technology shocks"--Federal Reserve Board web site.
Notes: Includes bibliographical references.
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