TY  - RPRT
        AU  - Merkl, Christian
AU  - Wesselbaum, Dennis
        TI  - Extensive vs. Intensive Margin in Germany and the United States: Any Differences?
        PY  - 2010/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5117
        UR  - https://www.iza.org/publications/dp5117
        AB  - This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number of workers) explains the largest part in the overall variability in aggregate hours. Second, although the German labor market structure is very different from its U.S. counterpart, the quantitative importance of the extensive margin is of similar magnitude.
        KW  - variance decomposition
KW  - business cycle
KW  - extensive and intensive margin
        ER  -