Arbeitspapier
A simple decomposition of the variance of output growth across countries
This paper outlines a simple regression-based method to decompose the variance of an aggregate time series into the variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe and Japan than in the United States. Employment contributes the largest proportion of the cycle in Europe and the United States (but not Japan), which is inconsistent with the idea that higher levels of employment protection in Europe dampen cyclical employment fluctuations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1703
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
- Thema
-
Intensive margin
extensive margin
productivity
business cycles
variance decomposition
Konjunktur
Dekompositionsverfahren
Varianzanalyse
Produktivität
Arbeitsproduktivität
Arbeitszeit
Konjunkturelle Arbeitslosigkeit
Schätzung
EU-Staaten
Japan
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Reicher, Christopher Phillip
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Reicher, Christopher Phillip
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2011
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