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

Author

Listed:
  • Daniel Borowczyk-Martins

    (Departement d'Economie de Sciences Po)

  • Etienne Lalé

    (Department of Economics (University of 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," Sciences Po Economics Discussion Papers 2014-17, Sciences Po Departement of Economics.
  • Handle: RePEc:spo:wpecon:info:hdl:2441/4itbiqg0h38538a71odou3jmkm
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    Cited by:

    1. repec:oup:oxecpp:v:70:y:2018:i:1:p:183-205. is not listed on IDEAS
    2. 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 Group Munich.
    3. Daniel Borowczyk-Martins & Etienne Lalé, 2016. "The Rise of Part-time Employment," Sciences Po publications 2016-04, Sciences Po.
    4. repec:iza:izawol:journl:y:2017:n:397 is not listed on IDEAS
    5. Valletta, Robert G. & Bengali, Leila & van der List, Catherine, 2015. "Cyclical and market determinants of involuntary part-time employment," Working Paper Series 2015-19, Federal Reserve Bank of San Francisco.
    6. Carl Singleton, 2016. "Long-term unemployment and the Great Recession: Evidence from UK stocks and flows," ESE Discussion Papers 273, Edinburgh School of Economics, University of Edinburgh.
    7. Daniel Borowczyk-Martins & Etienne Lalé, 2015. "How Bad is Involuntary Part-time Work?," Bristol Economics Discussion Papers 15/664, Department of Economics, University of Bristol, UK, revised 13 Jan 2016.
    8. Daniel Borowczyk-Martins & Etienne Lalé, 2018. "The welfare effects of involuntary part-time work," Oxford Economic Papers, Oxford University Press, vol. 70(1), pages 183-205.
    9. Hélène Couprie & Xavier Joutard, 2017. "Atypical Employment and Prospects of the Youth on the Labor Market in a Crisis Context," THEMA Working Papers 2017-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    10. 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.
    11. Giovanni Razzu & Carl Singleton, 2016. "Segregation and Gender Gaps through the UK’s Great Recession," Economics & Management Discussion Papers em-dp2015-02, Henley Business School, Reading University.

    More about this item

    Keywords

    Employment; Hours; Part-time Work; Great Recession.;

    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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