Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185429
Authors: 
Elstner, Steffen
Feld, Lars P.
Schmidt, Christoph M.
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper No. 7231
Abstract: 
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As a potentially important countervailing force, technological advances associated with digitization would have had the potential to lift productivity growth more strongly, but they frequently translated into employment growth instead.
Subjects: 
labor productivity
labor markets
technology shocks
digitalization
structural VARs
JEL: 
O40
E24
C32
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.