European vs. American Hours Worked: Assessing the Role of the Extensive and Intensive Margins
AbstractEuropeans have worked less than Americans since the 1970s. In this paper, we quantify the relative importance of the extensive and intensive margins of aggregate hours of market work on the observed differences. Our counterfactual exercises show that the two dimensions of the extensive margin, the employment rate and the participation rate, explain the most of the total-hours-gap between regions. Moreover, both ratios have similar weight. Conversely, the intensive margin, measured by the number of hours worked per employee, has the smallest role.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3846.
Length: 21 pages
Date of creation: Nov 2008
Date of revision:
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Other versions of this item:
- FranÃ§ois Langot & Coralia Quintero-Rojas, 2009. "European vs American Hours Worked: assessing the role of the extensive and intensive margins," Economics Bulletin, AccessEcon, vol. 29(2), pages 530-542.
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-12-07 (All new papers)
- NEP-BEC-2008-12-07 (Business Economics)
- NEP-EEC-2008-12-07 (European Economics)
- NEP-LAB-2008-12-07 (Labour Economics)
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