Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom

Daniel Borowczyk-Martins, Etienne Lalé

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

Resumé

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.
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.
SprogEngelsk
TidsskriftAmerican Economic Journal: Macroeconomics
Vol/bind11
Udgave nummer1
Sider389–435
Antal sider47
ISSN1945-7707
DOI
StatusUdgivet - 2019

Citer dette

Borowczyk-Martins, Daniel ; Lalé, Etienne. / Employment Adjustment and Part-time Work : Lessons from the United States and the United Kingdom. I: American Economic Journal: Macroeconomics. 2019 ; Bind 11, Nr. 1. s. 389–435
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Borowczyk-Martins, D & Lalé, E 2019, 'Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom' American Economic Journal: Macroeconomics, bind 11, nr. 1, s. 389–435. DOI: 10.1257/mac.20160078

Employment Adjustment and Part-time Work : Lessons from the United States and the United Kingdom. / Borowczyk-Martins, Daniel; Lalé, Etienne.

I: American Economic Journal: Macroeconomics, Bind 11, Nr. 1, 2019, s. 389–435.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

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Borowczyk-Martins D, Lalé E. Employment Adjustment and Part-time Work: Lessons from the United States and the United Kingdom. American Economic Journal: Macroeconomics. 2019;11(1):389–435. Tilgængelig fra, DOI: 10.1257/mac.20160078

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