The Demand for Youth: Explaining Age Differences in the Volatility of Hours

Nir Jaimovich, Seth Pruitt () and Henry Siu

American Economic Review, 2013, vol. 103, issue 7, 3022-44

Abstract: Over the business cycle young workers experience much greater volatility of hours worked than prime-aged workers. This can arise from age differences in labor supply or labor demand characteristics. To distinguish between these, we document that, for young workers, both the cyclical volatilities of hours and wages are greater than those of the prime-aged. We argue that a general class of models featuring only age-specific labor supply differences cannot reconcile these facts. We then show that a simple model featuring labor demand differences can.

JEL-codes: E32 J13 J22 J23 J31 (search for similar items in EconPapers)
Date: 2013
Note: DOI: 10.1257/aer.103.7.3022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.103.7.3022 (application/pdf)
http://www.aeaweb.org/aer/data/dec2013/20110792_app.pdf (application/pdf)
http://www.aeaweb.org/aer/data/dec2013/20110792_data.zip (application/zip)
http://www.aeaweb.org/aer/ds/dec2013/20110792_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:103:y:2013:i:7:p:3022-44

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().