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Publisher's URL: http://dx.doi.org/10.1016/S0165-1765(97)81885-X
This paper examines the effects of productivity shocks on US employment. We find strong evidence supporting the presence of ‘capitalization effects' following technology shocks. Our findings provide empirical verification for a growing theoretical literature on business cycle-employment interactions.
|Glasgow Author(s):||Malley, Prof James and Muscatelli, Prof Anton|
|Authors:||Malley, J., and Muscatelli, A.|
|College/School:||College of Social Sciences > Adam Smith Business School > Economics|
|Journal Name:||Economics Letters|
|Published Online:||13 July 1998|