@TechReport{iza:izadps:dp9847,
            	author={Borowczyk-Martins, Daniel and Lalé, Etienne},
            	title={Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession},
            	year={2016},
	month={Mar},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={9847},
            	url={https://www.iza.org/publications/dp9847},
	abstract={We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of part-time employment is predominantly explained by cyclical changes in transitions between full-time and part-time employment, which occur overwhelmingly at the same employer and entail large changes in individuals' working hours. We discuss implications for a large class of macroeconomic models that map individual decisions along the extensive/intensive margins onto aggregate labor market outcomes.},
	keywords={part-time work;hours;employment;Great Recession},
            }