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Autoren: 
Borowczyk-Martins, Daniel
Lalé, Etienne
Datum: 
2016
Reihe/Nr.: 
IZA Discussion Papers 9775
Zusammenfassung: 
We use a set of empirical and analytical tools to conduct parallel analyses of involuntary part-time work and unemployment in the U.S. labor market. In the empirical analysis, we document that the similar cyclical behavior of involuntary part-time work and unemployment masks major differences in the underlying dynamics. Unlike unemployment, variations in involuntary part-time work are mostly explained by its interaction with full-time employment, and since the Great Recession employed workers are at a greater risk of working part-time involuntarily than being unemployed. In the theoretical analysis, we show that the higher probability of regaining full-time employment is key to distinguish involuntary part-time work from unemployment from a worker's perspective. We also quantify the welfare costs of cyclical fluctuations in involuntary part-time work, and the amplification of these costs arising from the elevated levels of involuntary part-time work observed since the Great Recession.
Schlagwörter: 
employment
involuntary part-time work
welfare
Great Recession
JEL: 
E21
E32
J21
Dokumentart: 
Working Paper
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