Decomposition of hours based on extensive and intensive margins of labor

Yongsung Chang, Noh Sun Kwark

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

We decompose the underlying disturbances in total hours into three kinds: disturbances that shift the level of employment in the long run, those that change the sectoral composition of employment in the long run, and those that cause temporary movement of hours. Our identifying restriction exploits the distinctive nature of the two margins of labor: employment and hours per worker. Based on the postwar U.S. data, we find that aggregate and sectoral disturbances are roughly equally important for the cyclical fluctuations of aggregate hours.

Original languageEnglish
Pages (from-to)361-367
Number of pages7
JournalEconomics Letters
Volume72
Issue number3
DOIs
Publication statusPublished - 2001 Sep 1

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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