The Dynamic Demand for Part-Time and Full-Time Labour
AbstractThis paper explores the hypothesis that part-time work plays a distinct role in the adjustment strategies of firms in the face of economic shocks. Dynamic labor demand equations for part-time and full-time labor estimated from monthly data from the US Current Population Survey indicate that part-time labor is adjusted more rapidly in a number of industries. Furthermore, the adjustment of the two types of labor is not independent: disequilibrium in one slows the rate of adjustment of the other. These results lend support to the notion that part-time labor provides an important source of dynamic flexibility in some industries. Policies that reduce the relative costs of adjusting part-time labor, and changes in the economic environment that make flexibility more important to firms, may explain some of the growth in part-time employment that has taken place over the last several decades. Copyright 1997 by The London School of Economics and Political Science
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 64 (1997)
Issue (Month): 255 (August)
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Other versions of this item:
- Friesen J., 1991. "The Dynamic Demand for Part-time and Full-time Labour," Discussion Papers dp91-14, Department of Economics, Simon Fraser University.
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- Euwals, Rob & Hogerbrugge, Maurice, 2004. "Explaining the Growth of Part-Time Employment: Factors of Supply and Demand," IZA Discussion Papers 1124, Institute for the Study of Labor (IZA).
- Dominique Anxo & Shakir Hussain & Ghazi Shukur, 2012.
"The demand of part-time in European companies: a multilevel modelling approach,"
Taylor & Francis Journals, vol. 44(8), pages 1057-1066, March.
- Anxo, Dominique & Shukur, Ghazi & Hussain, Shakir, 2009. "The Demand of Part-time in European Companies: A Multilevel Modeling Approach," CAFO Working Papers 2009:8, Centre for Labour Market Policy Research (CAFO), School of Business and Economics, Linnaeus University.
- Euwals, Rob & Hogerbrugge, Maurice, 2006. "Explaining the Growth of Part-Time Employment: Factors of Supply and Demand," CEPR Discussion Papers 5595, C.E.P.R. Discussion Papers.
- Hart, Robert A., 2006. "Real Wage Cyclicality of Female Stayers and Movers in Part-Time and Full-Time Jobs," IZA Discussion Papers 2364, Institute for the Study of Labor (IZA).
- Friesen, Jane, 2005. "Statutory firing costs and lay-offs in Canada," Labour Economics, Elsevier, vol. 12(2), pages 147-168, April.
- Rob Euwals & Maurice Hogerbrugge, 2004. "Explaining the growth of part-time employment; factors of supply and demand," CPB Discussion Paper 31, CPB Netherlands Bureau for Economic Policy Analysis.
- Klinger, Sabine & Wolf, Katja, 2008. "What explains changes in full-time and part-time employment in Western Germany? : a new method on an old question," IAB Discussion Paper 200807, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
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