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Unemployment

  • Robert Barro
  • Vittorio Grilli
Chapter

Abstract

We have shown that an adverse shock to the production function can lead to a decline in labour input that accompanies the fall in output. Thus, measures of labour input, such as employment and worker-hours, are procyclical.

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Copyright information

© Robert J. Barro and Vittorio Grilli 1994

Authors and Affiliations

  • Robert Barro
  • Vittorio Grilli

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