FEDERAL RESERVE BANK o f ATLANTA WORKING PAPER SERIES Flexible Prices , Labor Market Frictions , and the Response of Employment to Technology Shocks
FEDERAL RESERVE BANK o f ATLANTA WORKING PAPER SERIES Flexible Prices , Labor Market Frictions , and the Response of Employment to Technology Shocks
复制标题
亚特兰大联邦储备银行工作文件系列灵活价格、劳动力市场摩擦以及就业对技术冲击的反应
DOI：
10.1016/j.jeconom.2021.09.013
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发表时间：
2013
影响因子：
6.3
通讯作者：
Federico S. Mandelman
中科院分区：
文献类型：
--
作者：
Federico S. Mandelman
最近的经验证据表明，积极的技术冲击导致劳动力投入的下降。一个充满劳动力市场摩擦的灵活价格模型能否复制这一程式化的事实？我们开发和估计一个标准的灵活的价格模型，使用贝叶斯方法，允许，但不要求，劳动力市场的摩擦，以产生就业的负面反应的技术冲击。我们发现，劳动力市场摩擦占劳动力投入的下降。JEL分类：E32
Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a flexible price model enriched with labor market frictions replicate this stylized fact? We develop and estimate a standard flexible price model using Bayesian methods that allows, but does not require, labor market frictions to generate a negative response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. JEL classification: E32