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Autoren: 
Borowczyk-Martins, Daniel
Lalé, Etienne
Datum: 
2016
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 9847
Zusammenfassung: 
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of part-time employment is predominantly explained by cyclical changes in transitions between full-time and part-time employment, which occur overwhelmingly at the same employer and entail large changes in individuals' working hours. We discuss implications for a large class of macroeconomic models that map individual decisions along the extensive/intensive margins onto aggregate labor market outcomes.
Schlagwörter: 
employment
hours
part-time work
Great Recession
JEL: 
E24
E32
J21
Dokumentart: 
Working Paper

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