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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 9847
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Labor Force and Employment, Size, and Structure
- Subject
-
employment
hours
part-time work
Great Recession
- Event
-
Geistige Schöpfung
- (who)
-
Borowczyk-Martins, Daniel
Lalé, Etienne
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Borowczyk-Martins, Daniel
- Lalé, Etienne
- Institute for the Study of Labor (IZA)
Time of origin
- 2016
Other Objects (12)
Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom
Productivity and the Great Recession
Trade and the global recession
Uncertainty and the Great Recession
Equality, Part-time Work and the Polder-model
Worker Flows and Labour Market Adjustment during the Great Recession: Evidence from a Large Shock
Worker Flows and Labour Market Adjustment during the Great Recession: Evidence from a Large Shock
Young People and the Great Recession
Informal Care and the Great Recession
Recession and Umemployment in the OECD
Wealth Inequality and the Great Recession
Young people and the Great Recession
Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom
Productivity and the Great Recession
Trade and the global recession
Uncertainty and the Great Recession
Equality, Part-time Work and the Polder-model
Worker Flows and Labour Market Adjustment during the Great Recession: Evidence from a Large Shock
Worker Flows and Labour Market Adjustment during the Great Recession: Evidence from a Large Shock
Young People and the Great Recession
Informal Care and the Great Recession
Recession and Umemployment in the OECD
Wealth Inequality and the Great Recession
Young people and the Great Recession
Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom
Productivity and the Great Recession
Trade and the global recession
Uncertainty and the Great Recession
Equality, Part-time Work and the Polder-model
Worker Flows and Labour Market Adjustment during the Great Recession: Evidence from a Large Shock
Worker Flows and Labour Market Adjustment during the Great Recession: Evidence from a Large Shock
Young People and the Great Recession
Informal Care and the Great Recession
Recession and Umemployment in the OECD
Wealth Inequality and the Great Recession