Dynamics of part-time employment to an aggregate shock: A sign-restriction approach - Université de La Réunion
Journal Articles Economics Letters Year : 2019

Dynamics of part-time employment to an aggregate shock: A sign-restriction approach

Abstract

This paper provides new stylized facts about the responses of the part-time employment share, the transition probability from full-time to part-time and the one from part-time to full-time jobs to a negative aggregate shock. The recessionary aggregate shock is identified within a sign-restriction VAR framework by imposing a short-run negative co-movement between unemployment and vacancies. The negative aggregate shock pushes the part-time employment share up. The latter increase is mainly due to a rise in the probability at which full-time work is transformed into part-time work without an intervening spell of unemployment. Given that such transitions mainly take place at the same firm/worker pair, these findings indicate that US firms use – in addition to the creation/destruction process – within-employment reallocation to adjust their labor input in recessionary episodes.
Fichier principal
Vignette du fichier
Fontaine - Dynamics of part-time employment to an aggregate shock a sign restriction approach - Manuscript.pdf (336.06 Ko) Télécharger le fichier
Origin Files produced by the author(s)

Dates and versions

hal-03665973 , version 1 (06-11-2024)

Identifiers

Cite

Idriss Fontaine. Dynamics of part-time employment to an aggregate shock: A sign-restriction approach. Economics Letters, 2019, 183, pp.108612. ⟨10.1016/j.econlet.2019.108612⟩. ⟨hal-03665973⟩
16 View
0 Download

Altmetric

Share

More