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Making do with less: working harder during recessions
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Cited by:
- Zhang, Congshan & de Figueiredo, John M., 2018. "Are recessions good for government hires? The effect of unemployment on public sector human capital," Economics Letters, Elsevier, vol. 170(C), pages 1-5.
- Maarten Dossche & Andrea Gavazzi & Vivien Lewis, 2023.
"Labor Adjustment and Productivity in the OECD,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 111-130, January.
- Maarten Dossche & Andrea Gavazzi & Vivien Lewis, 2021. "Online Appendix to "Labor Adjustment and Productivity in the OECD"," Online Appendices 20-216, Review of Economic Dynamics.
- Dora Tuda, 2020. "Desired hours worked over the business cycle: stylised facts for European countries," Trinity Economics Papers tep1320, Trinity College Dublin, Department of Economics, revised Aug 2020.
- Hamermesh, Daniel S. & Burda, Michael & Genadek, Katie R., 2015.
"Not Working At Work: Loafing, Unemployment and Labor Productivity,"
CEPR Discussion Papers
10712, C.E.P.R. Discussion Papers.
- Michael Burda & Katie R. Genadek & Daniel S. Hamermesh, 2016. "Not Working at Work: Loafing, Unemployment and Labor Productivity," NBER Working Papers 21923, National Bureau of Economic Research, Inc.
- Burda, Michael Christopher & Genadek, Katie & Hamermesh, Daniel, 2015. "Not Working at Work: Loafing, Unemployment and Labor Productivity," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112905, Verein für Socialpolitik / German Economic Association.
- Burda, Michael C. & Genadek, Katie R. & Hamermesh, Daniel S., 2015. "Not Working at Work: Loafing, Unemployment and Labor Productivity," IZA Discussion Papers 9095, Institute of Labor Economics (IZA).
- Burda, Michael C. & Genadek, Katie & Hamermesh, Daniel S., 2015. "Not working at work: Loafing, unemployment and labor productivity," SFB 649 Discussion Papers 2015-033, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Michael Redmond & Willem Van Zandweghe, 2016.
"The Lasting Damage from the Financial Crisis to U.S. Productivity,"
Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, March.
- Michael Redmond & Willem Van Zandweghe, 2016. "The Lasting Damage from the Financial Crisis to U.S. Productivity," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 39-64.
- Edward P. Lazear & Kathryn L. Shaw & Christopher T. Stanton, 2015.
"The Value of Bosses,"
Journal of Labor Economics, University of Chicago Press, vol. 33(4), pages 823-861.
- Edward P. Lazear & Kathryn L. Shaw & Christopher T. Stanton, 2012. "The Value of Bosses," Discussion Papers 12-001, Stanford Institute for Economic Policy Research.
- Edward P. Lazear & Kathryn L. Shaw & Christopher T. Stanton, 2014. "The Value of Bosses," CEP Discussion Papers dp1318, Centre for Economic Performance, LSE.
- Edward P. Lazear & Kathryn L. Shaw & Christopher T. Stanton, 2012. "The Value of Bosses," NBER Working Papers 18317, National Bureau of Economic Research, Inc.
- Lazear, Edward P. & Shaw, Kathryn L. & Stanton, Christopher, 2014. "The value of bosses," LSE Research Online Documents on Economics 59022, London School of Economics and Political Science, LSE Library.
- Alena Bičáková & Guido Matias Cortes & Jacopo Mazza, 2021.
"Caught in the Cycle: Economic Conditions at Enrolment and Labour Market Outcomes of College Graduates,"
The Economic Journal, Royal Economic Society, vol. 131(638), pages 2383-2412.
- Alena Bicakova & Guido Matias Cortes & Jacopo Mazza, 2018. "Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates," CERGE-EI Working Papers wp622, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Bicakova, Alena & Cortes, Matias & Mazza, Jacopo, 2020. "Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates," IZA Discussion Papers 13561, Institute of Labor Economics (IZA).
- Biécáková, Alena & Cortes, Guido Matias & Mazza, Jacopo, 2020. "Caught in the cycle: Economic conditions at enrollment and labor market outcomes of college graduates," CLEF Working Paper Series 19, Canadian Labour Economics Forum (CLEF), University of Waterloo.
- Alena Bicakova & Guido Matias Cortes & Jacopo Mazza, 2018. "Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates," Working Paper series 18-32, Rimini Centre for Economic Analysis.
- Senney, Garrett T. & Dunn, Lucia F., 2019. "The role of work schedules and the macroeconomy on labor effort," Labour Economics, Elsevier, vol. 57(C), pages 23-34.
- Stanton, Christopher T. & Sandvik, Jason & Saouma, Richard & Seegert, Nathan, 2018.
"Analyzing the Aftermath of a Compensation Reduction,"
CEPR Discussion Papers
13242, C.E.P.R. Discussion Papers.
- Jason Sandvik & Richard Saouma & Nathan Seegert & Christopher Stanton, 2018. "Analyzing the Aftermath of a Compensation Reduction," NBER Working Papers 25135, National Bureau of Economic Research, Inc.
- Sera Linardi & Colin Camerer, 2021. "Worker-firm relational contracts in the time of shutdowns: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 24(4), pages 1267-1293, December.
- Matthias Fahn, 2019.
"Reciprocity in dynamic employment relationships,"
CESifo Working Paper Series
7634, CESifo.
- Matthias Fahn, 2020. "Reciprocity in Dynamic Employment Relationships," Economics working papers 2020-12, Department of Economics, Johannes Kepler University Linz, Austria.
- Matthias Fahn, 2020. "Reciprocity in Dynamic Employment Relationships," CESifo Working Paper Series 8414, CESifo.
- Fahn, Matthias, 2019. "Reciprocity in Dynamic Employment Relationships," Rationality and Competition Discussion Paper Series 198, CRC TRR 190 Rationality and Competition.
- Mark Bils & Yongsung Chang & Sun-Bin Kim, 2022.
"How Sticky Wages in Existing Jobs Can Affect Hiring,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 14(1), pages 1-37, January.
- Yongsung Chang & Sun-Bin Kim & Mark Bils, 2013. "How Sticky Wages in Existing Jobs can affect Hiring," 2013 Meeting Papers 1162, Society for Economic Dynamics.
- Mark Bils & Yongsung Chang & Sun-Bin Kim, 2019. "How Sticky Wages In Existing Jobs Can Affect Hiring," Working Paper Series no118, Institute of Economic Research, Seoul National University.
- Mark Bils & Yongsung Chang & Sun-Bin Kim, 2014. "How Sticky Wages In Existing Jobs Can Affect Hiring," RCER Working Papers 579, University of Rochester - Center for Economic Research (RCER).
- Mark Bils & Yongsung Chang & Sun-Bin Kim, 2014. "How Sticky Wages in Existing Jobs Can Affect Hiring," NBER Working Papers 19821, National Bureau of Economic Research, Inc.
- Mark Bils & Yongsung Chang & Sun-Bin Kim, 2016. "How Sticky Wages In Existing Jobs Can Affect Hiring," Working papers 2016rwp-91, Yonsei University, Yonsei Economics Research Institute.
- Hyejin Ku, 2022.
"Does Minimum Wage Increase Labor Productivity? Evidence from Piece Rate Workers,"
Journal of Labor Economics, University of Chicago Press, vol. 40(2), pages 325-359.
- Ku, Hyejin, 2020. "Does Minimum Wage Increase Labor Productivity? Evidence from Piece Rate Workers," IZA Discussion Papers 13369, Institute of Labor Economics (IZA).
- Hyejin Ku, 2020. "Does Minimum Wage Increase Labor Productivity? Evidence from Piece Rate Workers," RF Berlin - CReAM Discussion Paper Series 2013, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
- Corgnet, Brice & Hernán-González, Roberto & Rassenti, Stephen, 2015.
"Firing threats: Incentive effects and impression management,"
Games and Economic Behavior, Elsevier, vol. 91(C), pages 97-113.
- Brice Corgnet & Roberto Hernán-González & Stephen Rassenti, 2015. "Firing threats : Incentive effects and impression management," Post-Print hal-02311953, HAL.
- Laurence Ales & Antonio Andres Bellofatto & Jessie Jiaxu Wang, 2017.
"Taxing Atlas: Executive Compensation, Firm Size and Their Impact on Optimal Top Income Tax Rates,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 62-90, October.
- Laurence Ales & Antonio Andres Bellofatto & Jessie Jiaxu Wang, 2017. "Code and data files for "Taxing Atlas: Executive Compensation, Firm Size and Their Impact on Optimal Top Income Tax Rates"," Computer Codes 16-214, Review of Economic Dynamics.
- Andrew E. Evans, 2020. "Average labour productivity dynamics over the business cycle," Empirical Economics, Springer, vol. 59(4), pages 1833-1863, October.
- Gordon B. Dahl & Matthew M. Knepper, 2021.
"Why is Workplace Sexual Harassment Underreported? The Value of Outside Options Amid the Threat of Retaliation,"
NBER Working Papers
29248, National Bureau of Economic Research, Inc.
- Dahl, Gordon B. & Knepper, Matthew, 2021. "Why Is Workplace Sexual Harassment Underreported? The Value of outside Options amid the Threat of Retaliation," IZA Discussion Papers 14740, Institute of Labor Economics (IZA).
- Gordon B. Dahl & Matthew Knepper, 2021. "Why Is Workplace Sexual Harassment Underreported? The Value of Outside Options Amid the Threat of Retaliation," CESifo Working Paper Series 9320, CESifo.
- Dahl, Gordon & Knepper, Matt, 2021. "Why is Workplace Sexual Harassment Underreported? The Value of Outside Options Amid the Threat of Retaliation," CEPR Discussion Papers 16577, C.E.P.R. Discussion Papers.
- Marco Guerrazzi, 2020.
"Efficiency-Wage Competition: What Happens as the Number of Players Increases?,"
Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 6(1), pages 13-35, March.
- Guerrazzi, Marco, 2017. "Efficiency-wage competition: What happens as the number of players increases?," MPRA Paper 77950, University Library of Munich, Germany.
- John G. Fernald, 2015.
"Productivity and Potential Output before, during, and after the Great Recession,"
NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 1-51.
- John G. Fernald, 2014. "Productivity and Potential Output before, during, and after the Great Recession," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29, pages 1-51, National Bureau of Economic Research, Inc.
- John G. Fernald, 2012. "Productivity and potential output before, during, and after the Great Recession," Working Paper Series 2012-18, Federal Reserve Bank of San Francisco.
- John G. Fernald, 2014. "Productivity and Potential Output Before, During, and After the Great Recession," Working Paper Series 2014-15, Federal Reserve Bank of San Francisco.
- John Fernald, 2014. "Productivity and Potential Output Before, During, and After the Great Recession," NBER Working Papers 20248, National Bureau of Economic Research, Inc.
- John Fernald, 2014. "Productivity and Potential Output Before, During, and After the Great Recession," 2014 Meeting Papers 1369, Society for Economic Dynamics.
- Kentaro Asai, 2022. "Working Hour Reform, Labor Demand and Productivity," PSE Working Papers halshs-03728157, HAL.
- Thomas Cornelissen & Christian Dustmann & Uta Schönberg, 2017.
"Peer Effects in the Workplace,"
American Economic Review, American Economic Association, vol. 107(2), pages 425-456, February.
- Thomas Cornelissen & Christian Dustmann & Uta Schönberg, 2013. "Peer Effects in the Workplace," CESifo Working Paper Series 4398, CESifo.
- Cornelissen, Thomas & Dustmann, Christian & Schönberg, Uta, 2013. "Peer Effects in the Workplace," IZA Discussion Papers 7617, Institute of Labor Economics (IZA).
- Bauer, Anja & Lochner, Benjamin, 2020.
"History dependence in wages and cyclical selection: Evidence from Germany,"
Labour Economics, Elsevier, vol. 67(C).
- Bauer, Anja & Lochner, Benjamin, 2016. "History dependence in wages and cyclical selection: evidence from Germany," IAB-Discussion Paper 201629, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Bauer, Anja & Lochner, Benjamin, 2017. "History dependence in wages and cyclical selection: Evidence from Germany," FAU Discussion Papers in Economics 23/2017, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
- Bauer, Anja & Lochner, Benjamin, 2019. "History dependence in wages and cyclical selection: Evidence from Germany," FAU Discussion Papers in Economics 05/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
- Bičáková, Alena & Cortes, Guido Matias & Mazza, Jacopo, 2023.
"Make your own luck: The wage gains from starting college in a bad economy,"
Labour Economics, Elsevier, vol. 84(C).
- Alena Bicakova & Guido Matias Cortes & Jacopo Mazza, 2021. "Make Your Own Luck: The Wage Gains from Starting College in a Bad Economy," CERGE-EI Working Papers wp698, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Bicakova, Alena & Cortes, Matias & Mazza, Jacopo, 2023. "Make Your Own Luck: The Wage Gains from Starting College in a Bad Economy," IZA Discussion Papers 16087, Institute of Labor Economics (IZA).
- Asai, Kentaro & Lopes, Marta C. & Tondini, Alessandro, 2024. "Firm-Level Effects of Reductions in Working Hours," CEPREMAP Working Papers (Docweb) 2405, CEPREMAP.
- Heijnen, Suzanne & Hassink, Wolter & Plantenga, Janneke, 2016. "Sickness absenteeism during a period of job-to-job transition," Economics Letters, Elsevier, vol. 145(C), pages 145-147.
- Grundke, Robert & Moser, Christoph, 2019.
"Hidden protectionism? Evidence from non-tariff barriers to trade in the United States,"
Journal of International Economics, Elsevier, vol. 117(C), pages 143-157.
- Robert Grundke & Christoph Moser, 2014. "Hidden Protectionism? Evidence from Non-tariff Barriers to Trade in the United States," CESifo Working Paper Series 5142, CESifo.
- Christoph Moser & Robert Grundke, 2014. "Hidden Protectionism? Evidence from Non-tariff Barriers to Trade in the United States," KOF Working papers 14-369, KOF Swiss Economic Institute, ETH Zurich.
- Grundke, Robert & Moser, Christoph, 2016. "Hidden Protectionism? Evidence from Non-tariff Barriers to Trade in the United States," Working Papers in Economics 2016-2, University of Salzburg.
- Maarten Dossche & Andrea Gavazzi & Vivien Lewis, 2023.
"Labor Adjustment and Productivity in the OECD,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 111-130, January.
- Dossche, Maarten & Gazzani, Andrea & Lewis, Vivien, 2021. "Labor adjustment and productivity in the OECD," Discussion Papers 22/2021, Deutsche Bundesbank.
- Dossche, Maarten & Gazzani, Andrea & Lewis, Vivien, 2021. "Labor adjustment and productivity in the OECD," Working Paper Series 2571, European Central Bank.
- Lewis, Vivien & Dossche, Maarten & Gazzani, Andrea, 2021. "Labor adjustment and productivity in the OECD," CEPR Discussion Papers 16202, C.E.P.R. Discussion Papers.
- Apoorva Gupta, 2019. "R&D and firm resilience during bad times," Discussion Papers 2019-12, University of Nottingham, GEP.
- Constantin Schön & Thomas Ehrmann & Katja Rost, 2015. "Ownership, Visibility and Effort: Golf Handicaps as Proxies for Managers' Extra Effort," Kyklos, Wiley Blackwell, vol. 68(2), pages 255-274, May.
- Reto Cueni & Bruno S. Frey, 2014. "Forecasts and Reactivity," CREMA Working Paper Series 2014-10, Center for Research in Economics, Management and the Arts (CREMA).
- Sirola, Nina, 2023. "Going beyond the call of duty under conditions of economic threat: Integrating life history and temporal dilemma perspectives," Organizational Behavior and Human Decision Processes, Elsevier, vol. 179(C).
- Lucia F. Dunn & Ida A. Mirzaie, 2023. "Gender Differences in Consumer Debt Stress: Impacts on Job Performance, Family Life and Health," Journal of Family and Economic Issues, Springer, vol. 44(3), pages 550-567, September.
- Raj Chetty & John N Friedman & Michael Stepner & Opportunity Insights Team & Camille Baker & Harvey Barnhard & Matt Bell & Gregory Bruich & Tina Chelidze & Lucas Chu & Westley Cineus & Sebi Devlin-Fol, 2024.
"The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 139(2), pages 829-889.
- Raj Chetty & John N. Friedman & Michael Stepner & The Opportunity Insights Team, 2020. "The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data," NBER Working Papers 27431, National Bureau of Economic Research, Inc.
- Gary Slater & David A. Spencer, 2014. "Workplace relations, unemployment and finance-dominated capitalism," Review of Keynesian Economics, Edward Elgar Publishing, vol. 2(2), pages 134-146, April.
- Kolasa, Marcin & Rubaszek, Michał & Walerych, Małgorzata, 2021.
"Do flexible working hours amplify or stabilize unemployment fluctuations?,"
European Economic Review, Elsevier, vol. 131(C).
- Kolasa, Marcin & Rubaszek, Michał & Walerych, Małgorzata, 2019. "Are flexible working hours helpful in stabilizing unemployment?," Bank of Finland Research Discussion Papers 24/2019, Bank of Finland.
- Marcin Kolasa & Michał Rubaszek & Małgorzata Walerych, 2019. "Are flexible working hours helpful in stabilizing unemployment?," NBP Working Papers 319, Narodowy Bank Polski.
- Jason Sandvik & Richard Saouma & Nathan Seegert & Christopher Stanton, 2021. "Employee Responses to Compensation Changes: Evidence from a Sales Firm," Management Science, INFORMS, vol. 67(12), pages 7687-7707, December.
- Burda, Michael & Hamermesh, Daniel S. & Genadek, Katie R., 2017. "Non-Work at Work, Unemployment and Labor Productivity," CEPR Discussion Papers 12087, C.E.P.R. Discussion Papers.
- Kale, Jayant R. & Ryan, Harley E. & Wang, Lingling, 2019. "Outside employment opportunities, employee productivity, and debt discipline," Journal of Corporate Finance, Elsevier, vol. 59(C), pages 142-161.
- Kentaro Asai, 2022. "Working Hour Reform, Labor Demand and Productivity," Working Papers halshs-03728157, HAL.
- Ruo SHANGGUAN & Jed DEVARO & OWAN Hideo, 2021. "Enhancing Team Productivity through Shorter Working Hours: Evidence from the Great Recession," Discussion papers 21040, Research Institute of Economy, Trade and Industry (RIETI).
- Lazear, Edward P. & Shaw, Kathryn L., 2014. "The value of bosses," LSE Research Online Documents on Economics 60611, London School of Economics and Political Science, LSE Library.
- Marianna Kudlyak, 2015. "What We Know About Wage Adjustment During the 2007-09 Recession and Its Aftermath," Economic Quarterly, Federal Reserve Bank of Richmond, issue 3Q, pages 225-244.
- Lester Lusher & Geoffrey C. Schnorr & Rebecca L.C. Taylor, 2022.
"Unemployment Insurance as a Worker Indiscipline Device? Evidence from Scanner Data,"
American Economic Journal: Applied Economics, American Economic Association, vol. 14(2), pages 285-319, April.
- Lusher, Lester & Schnorr, Geoffrey C. & Taylor, Rebecca L.C., 2021. "Unemployment Insurance as a Worker Indiscipline Device? Evidence from Scanner Data," IZA Discussion Papers 14105, Institute of Labor Economics (IZA).
- McManus, T. Clay & Schaur, Georg, 2016. "The effects of import competition on worker health," Journal of International Economics, Elsevier, vol. 102(C), pages 160-172.
- Benson, Alan & Lepage, Louis-Pierre, 2023. "Learning to Discriminate on the Job," Working Paper Series 10/2023, Stockholm University, Swedish Institute for Social Research.
- Michael C. Burda & Katie R. Genadek & Daniel S. Hamermesh, 2020. "Unemployment and Effort at Work," Economica, London School of Economics and Political Science, vol. 87(347), pages 662-681, July.
- Paige Ouimet & Elena Simintzi, 2021. "Wages and Firm Performance: Evidence from the 2008 Financial Crisis [The effect of wage bargains on the stock market value of the firm]," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 10(2), pages 273-305.
- Gupta, Apoorva, 2020. "R&D and firm resilience during bad times," DICE Discussion Papers 352, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Todd A. Sorensen, 2017. "Do firms’ wage-setting powers increase during recessions?," IZA World of Labor, Institute of Labor Economics (IZA), pages 355-355, April.
- Bellmann, Lutz & Hübler, Olaf, 2014. "Skill Shortages in German Establishments," IZA Discussion Papers 8290, Institute of Labor Economics (IZA).
- Carrillo, Julio A. & Elizondo, Rocio & Hernández-Román, Luis G., 2020.
"Inquiry on the transmission of U.S. aggregate shocks to Mexico: A SVAR approach,"
Journal of International Money and Finance, Elsevier, vol. 104(C).
- Julio Carrillo, 2017. "Inquiry on the Transmission of U.S. Aggregate Shocks to Mexico: A SVAR Approach," 2017 Meeting Papers 1509, Society for Economic Dynamics.
- Lewis, Vivien & Villa, Stefania & Wolters, Maik H., 2019.
"Labor productivity, effort and the euro area business cycle,"
Discussion Papers
44/2019, Deutsche Bundesbank.
- Lewis, Vivien & Villa, Stefania, 2023. "Labor productivity, effort and the Euro Area business cycle," CEPR Discussion Papers 18389, C.E.P.R. Discussion Papers.
- Yanay Farja & Ori Zax, 2020. "Efficiency Wages with Endogenous Monitoring," Economics Bulletin, AccessEcon, vol. 40(1), pages 248-261.
- Galanakis, Yannis, 2020. "Female Human Capital Mismatch: An extension for the British public sector," GLO Discussion Paper Series 669, Global Labor Organization (GLO).
- Congshan Zhang & John M. de Figueiredo, 2018. "Are Recessions Good for Government Hires? The Effect of Unemployment on Public Sector Human Capital," NBER Working Papers 24538, National Bureau of Economic Research, Inc.
- Zhao, Naibao & Sun, Meng, 2021. "Effects of minimum wage on workers’ on-the-job effort and labor market outcomes," Economic Modelling, Elsevier, vol. 95(C), pages 453-461.
- Constance L. Hunter, 2021. "Covid’s economic reset: making the quixotic quotidian," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 56(1), pages 14-19, January.
- Benjamin U. Friedrich & Michal Zator, 2018. "Adaptation to Shocks and The Role of Capital Structure: Danish Exporters During the Cartoon Crisis," Economics Working Papers 2018-12, Department of Economics and Business Economics, Aarhus University.
- Françoise Delmez, 2019. "Jobless recoveries after financial crises (and the key role of the extensive margin of employment)," LIDAM Discussion Papers IRES 2019015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).