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Hours Worked over the Business Cycle: Evidence from OECD Countries, 1960-2009

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  • A. Raffo

    (Federal Reserve Board)

  • L. Ohanian

    (UCLA)

Abstract

Using a newly-constructed dataset on hours per worker for OECD countries, we characterize changes in labor supply over the business cycle. We then compare the cyclical properties of the labor wedge and provide some evidence on the behavior of labor markets across countries during the Great Recession.

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File URL: http://www.economicdynamics.org/meetpapers/2011/paper_558.pdf
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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2011 Meeting Papers with number 558.

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Date of creation: 2011
Date of revision:
Handle: RePEc:red:sed011:558

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Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
Fax: 1-314-444-8731
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Web page: http://www.EconomicDynamics.org/society.htm
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References

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  1. V. V. Chari & Patrick Kehoe & Ellen McGrattan, 2004. "Business Cycle Accounting," Levine's Bibliography 122247000000000560, UCLA Department of Economics.
  2. Lee Ohanian & Andrea Raffo & Richard Rogerson, 2006. "Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004," NBER Working Papers 12786, National Bureau of Economic Research, Inc.
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Cited by:
  1. Fabrizio Perri & Vincenzo Quadrini, 2011. "International Recessions," IMES Discussion Paper Series 11-E-26, Institute for Monetary and Economic Studies, Bank of Japan.
  2. Greg Howard & Robert Martin & Beth Anne Wilson, 2011. "Are recoveries from banking and financial crises really so different?," International Finance Discussion Papers 1037, Board of Governors of the Federal Reserve System (U.S.).

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