%0 Report
        %A Borowczyk-Martins, Daniel
%A Lalé, Etienne
        %T Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession
        %D 2016
        %8 2016 Mar
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 9847
        %U https://www.iza.org/publications/dp9847
        %X 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.
        %K part-time work
%K hours
%K employment
%K Great Recession