Hours vs employment in response to demand shocks

Robert Hart

World of Labour, 2023, No 393v2, 393

Abstract: The responses of working hours and employment levels to temporary negative demand shocks like those caused by the Great Recession in 2007–2008 and the Covid-19 pandemic in 2020–2022 have shown that consideration of both is important. Workers’ desired rises in working hours in times of recession also serve to modify the standard measure of unemployment. During Covid-19, both jobs and earnings were temporarily protected among workers forced into short-time work schemes, providing a useful comparison with the provision of improved unemployment insurance to unemployed workers at that time.

Keywords: demand shocks; hours; employment; job retention (search for similar items in EconPapers)
JEL-codes: E24 E32 J23 (search for similar items in EconPapers)
Date: 2023
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Journal Article: Hours vs employment in response to demand shocks (2017)
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