Employment Adjustment and Part-Time Work: Lessons from the United States and the United Kingdom
2019 ◽
Vol 11
(1)
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pp. 389-435
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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 individual 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. (JEL E24, E32, J22, J23)
2019 ◽
pp. 159-186
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2013 ◽
Vol 103
(3)
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pp. 251-256
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2018 ◽
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2003 ◽
Vol 27
(4)
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pp. 301-315
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2012 ◽
Vol 222
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pp. R20-R37
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