MARC Record from Library of Congress

LEADER: 01830cam a22002897a 4500
001 2005617553
003 DLC
005 20050419161609.0
007 cr |||||||||||
008 050419s2005 pau sb f000 0 eng
010 $a 2005617553
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aChang, Yongsung,$d1966-
245 10 $aDo technological improvements in the manufacturing sector raise or lower employment?$h[electronic resource] /$cYongsung Chang and Jay H. Hong.
260 $aPhiladelphia, PA :$bFederal Reserve Bank of Philadelphia,$c[2005]
490 1 $aWorking paper ;$vno. 05-5
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 4/19/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"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.
650 0 $aLabor productivity$xEffect of technological innovations on.
700 1 $aHong, Jay H.
830 0 $aWorking paper (Federal Reserve Bank of Philadelphia : Online) ;$vno. 05-5.
856 40 $uhttp://www.phil.frb.org/econ/wps/wp05.html