TY  - RPRT
        AU  - Borowczyk-Martins, Daniel
AU  - Lalé, Etienne
        TI  - Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession
        PY  - 2016/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9847
        UR  - https://www.iza.org/publications/dp9847
        AB  - 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.
        KW  - part-time work
KW  - hours
KW  - employment
KW  - Great Recession
        ER  -