Revisiting the effect of a technology shock on hours
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2017.05.041
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Miles S. Kimball & John G. Fernald & Susanto Basu, 2006.
"Are Technology Improvements Contractionary?,"
American Economic Review, American Economic Association, vol. 96(5), pages 1418-1448, December.
- Susanto Basu & John G. Fernald & Miles S. Kimball, 1998. "Are technology improvements contractionary?," International Finance Discussion Papers 625, Board of Governors of the Federal Reserve System (U.S.).
- Susanto Basu & John G. Fernald & Miles S. Kimball, 2004. "Are technology improvements contractionary?," Working Paper Series WP-04-20, Federal Reserve Bank of Chicago.
- Susanto Basu & John Fernald & Miles Kimball, 2004. "Are Technology Improvements Contractionary?," NBER Working Papers 10592, National Bureau of Economic Research, Inc.
- Susanto Basu & John Fernald & Miles Kimball, 2002. "Are Technology Improvements Contractionary?," Harvard Institute of Economic Research Working Papers 1986, Harvard - Institute of Economic Research.
- Matthew Rabin & Ted O'Donoghue, 1999.
"Doing It Now or Later,"
American Economic Review, American Economic Association, vol. 89(1), pages 103-124, March.
- Ted O'Donoghue & Matthew Rabin, 1996. "Doing It Now or Later," Discussion Papers 1172, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- O'Donoghue, Ted & Rabin, Matthew, 1997. "Doing It Now or Later," Department of Economics, Working Paper Series qt7t44m5b0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ted O'Donoghue and Matthew Rabin ., 1997. "Doing It Now or Later," Economics Working Papers 97-253, University of California at Berkeley.
- Harris, Christopher & Laibson, David, 2001.
"Dynamic Choices of Hyperbolic Consumers,"
Econometrica, Econometric Society, vol. 69(4), pages 935-957, July.
- Christopher Harris & David Laibson, 1999. "Dynamic Choices of Hyperbolic Consumers," Harvard Institute of Economic Research Working Papers 1886, Harvard - Institute of Economic Research.
- Caliendo, Frank N. & Findley, T. Scott, 2014. "Discount functions and self-control problems," Economics Letters, Elsevier, vol. 122(3), pages 416-419.
- Francis, Neville & Ramey, Valerie A., 2005.
"Is the technology-driven real business cycle hypothesis dead? Shocks and aggregate fluctuations revisited,"
Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1379-1399, November.
- Ramey, Valerie A & Francis, Neville, 2002. "Is The Technology-Driven Real Business Cycle Hypothesis Dead? Shocks and Aggregate Fluctuations Revisted," University of California at San Diego, Economics Working Paper Series qt6x80k3nx, Department of Economics, UC San Diego.
- Lawrence J. Christiano & Michele Boldrin & Jonas D. M. Fisher, 2001.
"Habit Persistence, Asset Returns, and the Business Cycle,"
American Economic Review, American Economic Association, vol. 91(1), pages 149-166, March.
- Michele Boldrin & Lawrence J. Christiano & Jonas D. M. Fisher, 1999. "Habit persistence, asset returns and the business cycles," Working Paper Series WP-99-14, Federal Reserve Bank of Chicago.
- Michele Boldrin & Lawrence J. Christiano & Jonas D. M. Fisher, 2000. "Habit persistence, asset returns and the business cycle," Staff Report 280, Federal Reserve Bank of Minneapolis.
- Akerlof, George A, 1991. "Procrastination and Obedience," American Economic Review, American Economic Association, vol. 81(2), pages 1-19, May.
- Findley, T. Scott & Caliendo, Frank N., 2015.
"Time inconsistency and retirement choice,"
Economics Letters, Elsevier, vol. 129(C), pages 4-8.
- T. Scott Findley & Frank N. Caliendo, 2015. "Time Inconsistency and Retirement Choice," CESifo Working Paper Series 5208, CESifo.
- Rebei, Nooman, 2014.
"What (really) accounts for the fall in hours after a technology shock?,"
Journal of Economic Dynamics and Control, Elsevier, vol. 45(C), pages 330-352.
- Mr. Nooman Rebei, 2012. "What (Really) Accounts for the Fall in Hours After a Technology Shock?," IMF Working Papers 2012/211, International Monetary Fund.
- Gong Liutang & Zhu Shenghao, 2006. "Does observational equivalence always hold in hyperbolic discounting models?," Economics Bulletin, AccessEcon, vol. 5(8), pages 1-8.
- Robert J. Barro, 1999. "Ramsey Meets Laibson in the Neoclassical Growth Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(4), pages 1125-1152.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Yoonseok Choi, 2019. "Government spending multipliers: New results from a model of naiveté," Economics Bulletin, AccessEcon, vol. 39(3), pages 2122-2128.
- Yoonseok Choi, 2020. "Investment Shocks, Consumption Puzzle, And Business Cycles," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1387-1400, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Christopher Harris & David Laibson, 2013.
"Instantaneous Gratification,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 205-248.
- Christopher Harris & David Laibson, 2001. "Instantaneous Gratification," NajEcon Working Paper Reviews 625018000000000267, www.najecon.org.
- Laibson, David I. & Harris, Christopher, 2012. "Instantaneous Gratification," Scholarly Articles 9918802, Harvard University Department of Economics.
- Christopher Harris & David Laibson, 2001. "Instantaneous Gratification," Levine's Working Paper Archive 625018000000000267, David K. Levine.
- Christopher Harris & David Laibson, 2006. "Instantaneous Gratification," Levine's Bibliography 321307000000000635, UCLA Department of Economics.
- Tyson, Christopher J., 2008.
"Management of a capital stock by Strotz's naive planner,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2214-2239, July.
- Christopher J. Tyson, 2006. "Management of a Capital Stock by Strotz's Naive Planner," Economics Papers 2006-W01, Economics Group, Nuffield College, University of Oxford.
- Christopher J. Tyson, 2007. "Management of a Capital Stock by Strotz's Naive Planner," Working Papers 615, Queen Mary University of London, School of Economics and Finance.
- Hammond, Peter J & Zank, Horst, 2013. "Rationality and Dynamic Consistency under Risk and Uncertainty," The Warwick Economics Research Paper Series (TWERPS) 1033, University of Warwick, Department of Economics.
- Drouhin, Nicolas, 2020.
"Non-stationary additive utility and time consistency,"
Journal of Mathematical Economics, Elsevier, vol. 86(C), pages 1-14.
- Nicolas Drouhin, 2019. "Non stationary additive utility and time consistency," Working Papers halshs-01238584, HAL.
- Nicolas Drouhin, 2020. "Non-stationary additive utility and time consistency," Post-Print halshs-02363089, HAL.
- Choi, Yoonseok, 2020. "Macroeconomic implications of dynamically inconsistent preferences," Economic Modelling, Elsevier, vol. 87(C), pages 267-279.
- Cameron Hepburn, 2003. "Hyperbolic Discounting and Resource Collapse," Economics Series Working Papers 159, University of Oxford, Department of Economics.
- Yoonseok Choi, 2019. "Government spending multipliers: New results from a model of naiveté," Economics Bulletin, AccessEcon, vol. 39(3), pages 2122-2128.
- Liya Liu & Yingjie Niu & Yuanping Wang & Jinqiang Yang, 2020. "Optimal consumption with time-inconsistent preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(3), pages 785-815, October.
- Tyson, Christopher J., 2008.
"Management of a capital stock by Strotz's naive planner,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2214-2239, July.
- Christopher J. Tyson, 2006. "Management of a Capital Stock by Strotz's Naive Planner," Economics Papers 2006-W01, Economics Group, Nuffield College, University of Oxford.
- Christopher J. Tyson, 2007. "Management of a Capital Stock by Strotz's Naive Planner," Working Papers 615, Queen Mary University of London, School of Economics and Finance.
- Christopher J. Tyson, 2007. "Management of a Capital Stock by Strotz's Naive Planner," Working Papers 615, Queen Mary University of London, School of Economics and Finance.
- Breugelmans, E. & Campo, K. & Gijsbrechts, E., 2005. "Shelf sequence and proximity effects on online grocery choices," Research Memorandum 053, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Salanie, Francois & Treich, Nicolas, 2006.
"Over-savings and hyperbolic discounting,"
European Economic Review, Elsevier, vol. 50(6), pages 1557-1570, August.
- François Salanie & Nicolas N. Treich, 2006. "Over-savings and hyperbolic discounting," Post-Print hal-02663421, HAL.
- Rochelle M. Edge & Thomas Laubach & John C. Williams, 2003.
"The responses of wages and prices to technology shocks,"
Finance and Economics Discussion Series
2003-65, Board of Governors of the Federal Reserve System (U.S.).
- Rochelle M. Edge & Thomas Laubach & John C. Williams, 2003. "The responses of wages and prices to technology shocks," Working Paper Series 2003-21, Federal Reserve Bank of San Francisco.
- Chen, Shumin & Luo, Dan & Yao, Haixiang, 2024. "Optimal investor life cycle decisions with time-inconsistent preferences," Journal of Banking & Finance, Elsevier, vol. 161(C).
- Marta Aloi & Huw Dixon & Anthony Savagar, 2021.
"Labor Responses, Regulation, and Business Churn,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 119-156, February.
- Marta Aloi & Huw Dixon & Anthony Savagar, 2018. "Labor Responses, Regulation and Business Churn in a Small Open Economy," Studies in Economics 1804, School of Economics, University of Kent.
- Marta Aloi & Huw Dixon & Anthony Savagar, 2018. "Labour responses, regulation and business churn in a small open economy," Discussion Papers 2018/06, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Marta Aloi & Huw D. Dixon & Anthony Savagar, 2018. "Labor Responses, Regulation and Business Churn," CESifo Working Paper Series 7275, CESifo.
- Hanming Fang & Dan Silverman, 2009.
"Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1043-1077, November.
- Hanming Fang & Dan Silverman, 2004. "Time-inconsistency and Welfare Program Participation: Evidence from the NLSY," Cowles Foundation Discussion Papers 1465, Cowles Foundation for Research in Economics, Yale University.
- Hanming Fang & Dan Silverman, 2007. "Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY," NBER Working Papers 13375, National Bureau of Economic Research, Inc.
- Liutang Gong & William Smith & Heng-fu Zou, 2007.
"Asset Prices and Hyperbolic Discounting,"
Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
- Liutang Gong & William Smith & Heng-fu Zou, 2011. "Asset Prices and Hyperbolic Discounting," CEMA Working Papers 486, China Economics and Management Academy, Central University of Finance and Economics.
- Grenadier, Steven R. & Wang, Neng, 2007.
"Investment under uncertainty and time-inconsistent preferences,"
Journal of Financial Economics, Elsevier, vol. 84(1), pages 2-39, April.
- Grenadier, Steven R. & Wang, Neng, 2005. "Investment under Uncertainty and Time-Inconsistent Preferences," Research Papers 1899, Stanford University, Graduate School of Business.
- Steven R. Grenadier & Neng Wang, 2006. "Investment Under Uncertainty and Time-Inconsistent Preferences," NBER Working Papers 12042, National Bureau of Economic Research, Inc.
- Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2020.
"Naive Agents with Quasi-hyperbolic Discounting and Perfect Foresight,"
EUSP Department of Economics Working Paper Series
2020/03, European University at St. Petersburg, Department of Economics.
- Borissov, Kirill & Pakhnin, Mikhail & Wendner, Ronald, 2021. "The Neoclassical Growth Model with Time-Inconsistent Decision Making and Perfect Foresight," MPRA Paper 108336, University Library of Munich, Germany.
- Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2021. "The Neoclassical Growth Model with Time-Inconsistent Decision Making and Perfect Foresight," Graz Economics Papers 2021-08, University of Graz, Department of Economics.
- Nocke, Volker & Peitz, Martin, 2003.
"Hyperbolic discounting and secondary markets,"
Games and Economic Behavior, Elsevier, vol. 44(1), pages 77-97, July.
- Volker Nocke & Martin Pietz, 2001. "Hyperbolic Discounting and Secondary Markets," Economics Papers 2001-W17, Economics Group, Nuffield College, University of Oxford.
- Minwook Kang, 2019. "Pareto-improving tax policies under hyperbolic discounting," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(3), pages 618-660, June.
More about this item
Keywords
Technology shock; Hours; Hyperbolic discounting; Naiveté;All these keywords.
JEL classification:
- D9 - Microeconomics - - Micro-Based Behavioral Economics
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:157:y:2017:i:c:p:67-70. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.