Type
Working paper
Title
The Rise of Part-time Employment
Author(s)
BOROWCZYK-MARTINS Daniel - Département d'économie (Author)
LALÉ Etienne - Department of Economics (University of Bristol) (Author)
Collection
Sciences Po Economics Discussion Papers : 2016-04
Keywords
Employment, Part-time work, Labor market flows, Secular trends, Business cycles
Abstract
EN
We construct new monthly time series of U.S. labor market stocks and flows from 1976 onwards. These data reveal an upward secular trend in turnover between full-time and part-time employment, and a large cyclical component chiefly explained by fluctuations in involuntary part-time work. Both short-run and long-run reallocations occur mostly without an intervening spell of non-employment, and therefore cannot be uncovered without splitting employment into finer categories. We emphasize the importance of our findings for several active debates, such as the slowdown in U.S. labor-market dynamism, changes in job stability and security, and the assessment of labor-market slack.
BIBLIOGRAPHIC QUOTE
EXPORT