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Exact(14)
It was the third straight quarterly decline in hours.
Fatal injuries in construction fell by 16 percent last year, largely paralleling a 17 percent decline in hours worked in that industry.
Falling on a holiday for government agencies and many companies, the storm probably caused a smaller decline in hours worked and production than the Northeast's last large snowfall, in January 1996.
Beyond that, an increase in BMI is associated with a decline in hours worked, most likely because the health effects dominate other considerations.
We find that 80% of the decline in hours worked can be accounted for by the evolution of taxes in an otherwise standard neoclassical growth model.
In Austria, Finland, and Germany, a decline in hours worked has been an important channel of adjustment as noted above the context of short-time working arrangements.
Similar(46)
They report a significant decline in hour-wage elasticities over the period and relatively small elasticities in the recent years (at least compared to typical estimates for married women).
Declines in hours worked by manufacturers and a rise in claims for state unemployment benefits led the overall drop in the August index of leading economic indicators.
Yet the chart does not show especially large declines in hours for those age groups (nor can seniority practices by themselves explain why the elderly end up working more).
"It is easy in the United States," said Robert J. Gordon, an economist at Northwestern University, "to get sharp and sudden declines in hours by laying off workers and eliminating overtime, and this contributes to healthy productivity growth in hard times".
But unlike the American numbers, this figure includes the public sector, where productivity growth is always slower, and it does not adjust for the decline in average hours worked.Using instead GDP per hour worked across the whole economy, American productivity has risen by an annual average of 2.0% since 1994, a bit faster than the euro area's 1.7% growth rate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com