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

Daniel Borowczyk-Martins () and Etienne Lalé ()

CIRANO Working Papers from CIRANO

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 individuals’ 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. This Working Paper was published in the American Economic Journal: Macroeconomics. Read the article on the American Economic Association website 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 individuals’ 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. Ce cahier scientifique CIRANO est maintenant publié dans la revue American Economic Journal: Macroeconomics. Consulter l'article sur le site de l'American Economic Association

Keywords: Employment; Hours; Part-time Work; Business Cycles; Demand and Supply of Labor (search for similar items in EconPapers)
JEL-codes: E24 E32 J21 J23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lma and nep-mac
Date: 2017-12-11
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https://cirano.qc.ca/files/publications/2017s-27.pdf

Related works:
Journal Article: Employment Adjustment and Part-Time Work: Lessons from the United States and the United Kingdom (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2017s-27

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Handle: RePEc:cir:cirwor:2017s-27