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Trends in hours and economic growth

Ngai, L. Rachel and Pissarides, Christopher (2007) Trends in hours and economic growth. In: AEA Conference, 5-7 January 2007. (Unpublished)

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Identification Number: 746

Abstract

We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the structural transformation between agriculture, manufacturing and services and on the marketization of home production. The model can rationalize the observed falling or Ushaped pattern for aggregate hours, the shift from agriculture to services and balanced aggregate growth. We find support for the model’s predictions in long-run US data.

Item Type: Conference or Workshop Item (Paper)
Official URL: http://www.aeaweb.org/annual_mtg_papers/2007/confe...
Additional Information: © 2006 Liwa Rachel Ngai and Christopher Pissarides
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Date Deposited: 21 Apr 2008 10:05
Last Modified: 01 Oct 2010 08:52
URI: http://eprints.lse.ac.uk/id/eprint/4412

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