Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30053
Authors: 
Merkl, Christian
Wesselbaum, Dennis
Year of Publication: 
2009
Series/Report no.: 
Kiel working paper 1563
Abstract: 
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number of workers) explains the largest part in the overall variability in aggregate hours. Second, although the German labor market structure is very different from its U.S. counterpart, the quantitative importance of the extensive margin is of similar magnitude.
Subjects: 
Business Cycle
Extensive and Intensive Margin
Variance Decomposition
JEL: 
C10
E32
J21
Document Type: 
Working Paper

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