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

  • A. Raffo

    (Federal Reserve Board)

  • L. Ohanian

    (UCLA)

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: https://www.economicdynamics.org/meetpapers/2011/paper_558.pdf
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Paper provided by Society for Economic Dynamics in its series 2011 Meeting Papers with number 558.

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Date of creation: 2011
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Handle: RePEc:red:sed011:558
Contact details of provider: Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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Web page: http://www.EconomicDynamics.org/society.htm
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  1. V.V. Chari & Patrick J. Kehoe & Ellen McGrattan, 2004. "Business Cycle Accounting," NBER Working Papers 10351, National Bureau of Economic Research, Inc.
  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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