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Employment Adjustment and Part-time Jobs: The US and the UK in the Great Recession

Author

Listed:
  • Daniel Borowczyk-Martins

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

  • Etienne Lalé

    (University of Bristol [Bristol])

Abstract

We document a new fact about the cyclical behavior of aggregate hours. Using microdata for the US and the UK, we show that changes in hours per worker are driven by fluctuations in part-time employment, which are in turn explained by the cyclical behavior of transitions between full-time and part-time jobs. This reallocation occurs almost exclusively within firms and entails large changes in employees' schedules of working hours. These patterns are consistent with the view that employers adjust the hours of their employees in response to shocks, and they partly account for the poor recovery that followed the Great Recession.

Suggested Citation

  • Daniel Borowczyk-Martins & Etienne Lalé, 2014. "Employment Adjustment and Part-time Jobs: The US and the UK in the Great Recession," Working Papers hal-03429888, HAL.
    • Handle: RePEc:hal:wpaper:hal-03429888
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03429888v1
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    Citations

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    Cited by:

    1. Daniel Schaefer & Carl Singleton, 2017. "Real Wages and Hours in the Great Recession: Evidence from Firms and their Entry-Level Jobs," CESifo Working Paper Series 6766, CESifo.
    2. repec:spo:wpecon:info:hdl:2441/7arg7blugi9b2o08qjafcpg8e2 is not listed on IDEAS
    3. Daniel Borowczyk-Martins & Etienne Lalé, 2016. "The Rise of Part-time Employment," Sciences Po Economics Discussion Papers hal-01311976, HAL.
    4. repec:spo:wpmain:info:hdl:2441/7arg7blugi9b2o08qjafcpg8e2 is not listed on IDEAS
    5. Daniel Borowczyk-Martins, 2017. "Why does part-time employment increase in recessions?," IZA World of Labor, Institute of Labor Economics (IZA), pages 397-397, October.
    6. Daniel Borowczyk-Martins & Etienne Lalé, 2019. "Employment Adjustment and Part-Time Work: Lessons from the United States and the United Kingdom," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 389-435, January.
    7. Carl Singleton, 2018. "Long‐Term Unemployment and the Great Recession: Evidence from UK Stocks and Flows," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(2), pages 105-126, May.
    8. repec:spo:wpmain:info:hdl:2441/4f4eu80n0h8r28g6dadlk02mtb is not listed on IDEAS
    9. Cardon, James H. & Eide, Eric R. & Phillips, Kerk L. & Showalter, Mark H., 2018. "A model of sleep, leisure and work over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 19-36.
    10. Giovanni Razzu & Carl Singleton, 2018. "Segregation and Gender Gaps in the United Kingdom's Great Recession and Recovery," Feminist Economics, Taylor & Francis Journals, vol. 24(4), pages 31-55, October.
    11. repec:spo:wpecon:info:hdl:2441/4f4eu80n0h8r28g6dadlk02mtb is not listed on IDEAS
    12. Fernandes, Ana P. & Ferreira, Priscila, 2017. "Financing constraints and fixed-term employment: Evidence from the 2008-9 financial crisis," European Economic Review, Elsevier, vol. 92(C), pages 215-238.

    More about this item

    Keywords

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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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