Publication:
Accounting for labor productivity puzzle

Simple item page
dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorBornukova, Kateryna
dc.date.accessioned2016-02-17T14:35:08Z
dc.date.available2016-02-17T14:35:08Z
dc.date.issued2016-02-17
dc.description.abstractIn the recent decades aggregate labor productivity in the U.S. became counter- cyclical (labor productivity puzzle). At the same time the U.S. experienced dramatic changes in the structure of households due to increased female labor force partici- pation. I show that changes in the household structure and corresponding changes in labor supply behavior can explain the labor productivity puzzle. I build a model with heterogeneous one- and two-earner households and aggregate technology shocks and calibrate it to the current U.S. data. I impose the household structure change in the model and show that the behavior of labor productivity changes from procyclical to countercyclical, as in the U.S. I also show that individual labor supply volatility depends on the role of the earner in the household. Increase in the proportion of multiple-earner households leads to increase in aggregate labor supply volatility.en
dc.description.sponsorshipThe author acknowledges the financial assistance from SIDAen
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10016/22320
dc.language.isoengen
dc.relation.ispartofhttp://hdl.handle.net/10016/22260
dc.relation.ispartofseriesBEROC Working Paper Seriesen
dc.relation.ispartofseries26
dc.relation.publisherversionhttp://eng.beroc.by/research/working_papers/wp_26_eng_kb/
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.subject.jelC68
dc.subject.jelE32
dc.subject.jelE24
dc.subject.jelJ22
dc.subject.otherBusiness cyclesen
dc.subject.otherFamily labor supplyen
dc.subject.otherMultiple-earner householdsen
dc.titleAccounting for labor productivity puzzleen
dc.typeworking paper*
dc.type.hasVersionAO*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
accounting_bornukova_2015.pdf
Size:
478.25 KB
Format:
Adobe Portable Document Format
Download
Collections
DE - Otros documentos