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Titel
What are the effects of technology shocks on international labor markets? / Svetlana Rujin
VerfasserRujin, Svetlana
ErschienenEssen, Germany : RWI - Leibniz-Institut für Wirtschaftsforschung, 2019 ; Bochum, Germany : Ruhr-Universität Bochum (RUB), Department of Economics, 2019
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Elektronische Ressource
Umfang1 Online-Ressource (47 Seiten) : Diagramme
SerieRuhr economic papers ; #806
ISBN978-3-86788-934-6
URNurn:nbn:de:hbz:6:2-117997 
DOI10.4419/86788934 
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What are the effects of technology shocks on international labor markets? [2.26 mb]
Zusammenfassung

How do international labor markets respond to a technology shock and what is the main transmission channel across countries with different labor market institutions? To answer these questions, I identify technology shocks using the approach of Galí (1999) and decompose the responses of total hours worked into movements along the extensive and the intensive margins. Overall, my analysis shows that technology shocks have a negative effect on total hours. This effect is stronger in countries with flexible labor markets, where the adjustment takes place along both margins. In contrast, the responses of total hours are smaller in countries with strict labor market legislation, where labor adjustment takes place along the intensive margin. These differences can be linked to the strictness of institutions that target quantity and price adjustments in the labor market. JEL Classification: O40, O57, E32, C32

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