Trends in hours and economic growth

Ngai, L. Rachel and Pissarides, Christopher ORCID: 0000-0002-0695-058X (2007) Trends in hours and economic growth. In: AEA Conference, 2007-01-05 - 2007-01-07. (Submitted)

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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
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory
JEL classification:	J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J22 - Time Allocation and Labor Supply O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J21 - Labor Force and Employment, Size, and Structure O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models
Date Deposited:	21 Apr 2008 10:05
Last Modified:	13 Sep 2024 14:03
URI:	http://eprints.lse.ac.uk/id/eprint/4412

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