Employment Adjustment and Part-Time Work: Lessons from the United States and the United Kingdom

Daniel Borowczyk-Martins and Etienne Lalé (elale@yorku.ca)

American Economic Journal: Macroeconomics, 2019, vol. 11, issue 1, 389-435

Abstract: We document that fluctuations in part-time employment play a major role in movements in hours per worker during cyclical swings in the labor market. Building on this result, we develop a stock-flow framework to describe the dynamics of part-time employment. The evolution of part-time employment is predominantly explained by cyclical changes in transitions between full-time and part-time employment. Those transitions occur overwhelmingly at the same employer, entail sizable changes in individual working hours and are associated with an increase in involuntary part-time work. Our findings provide a novel understanding of the cyclical dynamics of labor adjustment on the intensive margin.

JEL-codes: E24 E32 J22 J23 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.1257/mac.20160078
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Citations: View citations in EconPapers (42)

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Working Paper: Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom (2017)
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