Do technological improvements in the manufacturing sector raise or lower employment?

Do technological improvements in the manufact ...
Yongsung Chang, Yongsung Chang
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Last edited by MARC Bot
December 13, 2020 | History

Do technological improvements in the manufacturing sector raise or lower employment?

"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.

Publish Date
Language
English

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Book Details


Edition 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.

Published in
Philadelphia, PA
Series
Working paper ;, no. 05-5, Working paper (Federal Reserve Bank of Philadelphia : Online) ;, no. 05-5.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3477777M
LCCN
2005617553

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History

Download catalog record: RDF / JSON
December 13, 2020 Edited by MARC Bot import existing book
December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page