How important is the intensive margin of labor adjustment?

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• dc.contributor.author Van Rens, Thijs, 1973-ca
• 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.date.modified 2017-07-23T02:14:00Z
• 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/pdfca
• 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.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.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• 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.title How important is the intensive margin of labor adjustment?ca
• dc.type info:eu-repo/semantics/workingPaper