Hours Worked over the Business Cycle: Evidence from OECD Countries, 1960-2009

Andrea Raffo and Lee Ohanian

No 558, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: Using a newly-constructed dataset on hours per worker for OECD countries, we characterize changes in labor supply over the business cycle. We then compare the cyclical properties of the labor wedge and provide some evidence on the behavior of labor markets across countries during the Great Recession.

Date: 2011
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