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How important is the intensive margin of labor adjustment?

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dc.contributor.author Van Rens, Thijs, 1973-
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:50:48Z
dc.date.available 2017-07-26T10:50:48Z
dc.date.issued 2011-06-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1285
dc.identifier.citation Journal of Monetary Economics, 59 (1), 59 (1). January 2012
dc.identifier.uri http://hdl.handle.net/10230/19901
dc.description.abstract Using new quarterly data for hours worked in OECD countries, Ohanian and Raffo (2011) argue that in many OECD countries, particularly in Europe, hours per worker are quantitatively important as an intensive margin of labor adjustment, possibly because labor market frictions are higher than in the US. I argue that this conclusion is not supported by the data. Using the same data on hours worked, I find evidence that labor market frictions are higher in Europe than in the US, like Ohanian and Raffo, but also that these frictions seem to affect the intensive margin at least as much as the extensive margin of labor adjustment.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1285
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title How important is the intensive margin of labor adjustment?
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:14:00Z
dc.subject.keyword hours worked
dc.subject.keyword intensive margin labor adjustment
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword Labour, Public, Development and Health Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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