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What Explains the Effects of Technology Shocks on Labor Market Dynamics?
The authors demonstrate that a model that allows for a role of nominal wage rigidity, coupled with a modest degree of price stickiness as some recent research suggests, provides a better account for the macroeconomic effects of technology shocks on the labor market.
Link
http://userwww.service.emory.edu/~zliu5/papers/LiuPhaneuf04.pdf