Publication
Mar 2009
This paper examines whether unemployment is related to productivity growth in the long run, using US data in a framework of infrequent mean shifts. The authors find that the secular decline of unemployment since the mid 1990s stemmed from higher average productivity growth.
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English (PDF, 27 pages, 413 KB) |
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Author | Sven Schreiber |
Series | Kiel Institute Working Papers |
Issue | 1505 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |