New study shows technology shocks lead to decrease in working hours.
The article examines how technology shocks affect hours worked. By using a method that looks at how the intensity of shocks changes over time, the researchers were able to get more information and test existing assumptions. They found that technology shocks are a major factor in changes in labor productivity. When considering long-term trends in hours worked, the results show that hours decrease when there is a positive technology shock. Additionally, using a common method to filter data may not work well in this context.