摘要：This paper examines the role of skill-biased technical change (SBTC) in the flattening of productivity growth and its
effects on hours worked. We employ a structural macroeconometric analysis based on comprehensive micro data. The
results show that 69 percent of the slowdown in productivity growth in Germany since the early 2000s can be
explained by the flattening of SBTC. Furthermore, skill-biased technology shocks reduce hours, whereas skill-neutral
technology shocks have a positive effect on hours in the long run.
