Arbeitspapier
Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of part-time employment is predominantly explained by cyclical changes in transitions between full-time and part-time employment, which occur overwhelmingly at the same employer and entail large changes in individuals' working hours. We discuss implications for a large class of macroeconomic models that map individual decisions along the extensive/intensive margins onto aggregate labor market outcomes.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 9847
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Labor Force and Employment, Size, and Structure
- Thema
-
employment
hours
part-time work
Great Recession
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Borowczyk-Martins, Daniel
Lalé, Etienne
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Borowczyk-Martins, Daniel
- Lalé, Etienne
- Institute for the Study of Labor (IZA)
Entstanden
- 2016
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