Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession

Daniel Borowczyk-Martins and Etienne Lalé ()

No 9847, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: part-time work; hours; employment; Great Recession (search for similar items in EconPapers)
JEL-codes: E24 E32 J21 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2016-03
New Economics Papers: this item is included in nep-lma and nep-mac
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Citations: View citations in EconPapers (12)

Published - published in: American Economic Journal: Macroeconomics, January 2019, 11 (1), 389-435.

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Related works:
Working Paper: Employment Adjustment and Part-time Jobs: The US and the UK in the Great Recession (2014)
Working Paper: Employment Adjustment and Part-time Jobs: The US and the UK in the Great Recession (2014)
Working Paper: Employment Adjustment and Part-time Jobs: The US and the UK in the Great Recession (2014)
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