The ins and outs of involuntary part-time employment

Daniel Borowczyk-Martins and Etienne Lalé ()

Labour Economics, 2020, vol. 67, issue C

Abstract: We develop and implement a protocol to measure U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the cyclical dynamics of involuntary part-time work. We find that the recessionary increase in involuntary part-time employment is consistently driven by a jump in the transition probability from other employment states to involuntary part-time employment, and a drop in the reverse transition probability. We compare the dynamics of unemployment and involuntary part-time employment to argue that they reflect the operation of distinct labor-adjustment channels. While unemployment dynamics are driven by movements in job creation and destruction, the dynamics of involuntary part-time employment reflect changes in employers’ labor utilization.

Keywords: Involuntary part-time employment; Unemployment; Labor market flows; Business cycles (search for similar items in EconPapers)
JEL-codes: E24 E32 J21 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Related works:
Working Paper: The Ins and Outs of Involuntary Part-time Employment (2020)
Working Paper: The Ins and Outs of Involuntary Part-time Employment (2018)
Working Paper: The Ins and Outs of Involuntary Part-time Employment (2018)
Working Paper: The Ins and Outs of Involuntary Part-Time Employment (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:67:y:2020:i:c:s0927537120301445

DOI: 10.1016/j.labeco.2020.101940

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