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https://academic.oup.com/jeea/article-abstract/12/1/108/2317059
1. Introduction. The reaction of hours worked to a technology shock has been a key and unresolved controversy in macroeconomics over the last decade. According to the canonical real business cycle (RBC) model, hours worked should rise after a (positive) productivity shock.
https://www.nber.org/books-and-chapters/nber-international-seminar-macroeconomics-2010/technology-hours-redux-tax-changes-and-measurement-technology-shocks
This finding seriously questions the technology-driven business cycle hypothesis. In this paper we argue that it is important to control for permanent changes in taxes, which invalidate the standard long-run identifying assumptions for technology shocks and induce low-frequency fluctuations in …
https://www.nber.org/papers/w11694
Measures of Per Capita Hours and their Implications for the Technology-Hours Debate. Neville Francis & Valerie A. Ramey. Working Paper 11694. DOI 10.3386/w11694. Issue Date October 2005. Structural vector autoregressions give conflicting results on the effects of technology shocks on hours. The results depend crucially on the assumed data ...
https://as.vanderbilt.edu/economics/ma-degree-requirements/
Students must complete 12 hours of core courses, 6 hours of field courses, 9 hours of electives, and a substantive research project, which contributes 3 hours to the degree requirements. Some electives may be taken outside the Economics department.
https://www.theguardian.com/business/2008/sep/01/economics
Back in 1930, Keynes predicted that the working week would be drastically cut, to perhaps 15 hours a week, with people choosing to have far more leisure as their material needs were satisfied. The ...
https://www.nap.edu/read/24649/chapter/5
In 1930, he predicted that the work week would fall to 15 hours and that the “economic problem” of providing for basic needs would be solved. 31 Economic historian Robert Heilbroner similarly predicted in 1965: “As machines continue to invade society, duplicating greater and greater numbers of social tasks, it is human labor itself—at least, as we now think of `labor’—that is …
https://www.investopedia.com/terms/l/labor-productivity.asp
For example, suppose the real GDP of an economy is $10 trillion and the aggregate hours of labor in the country is 300 billion. The labor productivity would be $10 trillion divided by …
https://nvlpubs.nist.gov/nistpubs/Legacy/SP/nistspecialpublication1101.pdf
Preface . This study was conducted by the Office of Applied Economics in the Building and Fire Research Laboratory at the National Institute of Standards and Technology.
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