Decomposition of hours based on extensive and intensive margins of labor

Yongsung Chang; Noh Sun Kwark

doi:10.1016/S0165-1765(01)00453-0

Decomposition of hours based on extensive and intensive margins of labor

Yongsung Chang, Noh Sun Kwark

Department of Economics

Research output: Contribution to journal › Article › peer-review

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 language	English
Pages (from-to)	361-367
Number of pages	7
Journal	Economics Letters
Volume	72
Issue number	3
DOIs	https://doi.org/10.1016/S0165-1765(01)00453-0
Publication status	Published - 2001 Sept

Bibliographical note

Funding Information:
We thank Mark Bils, Bill Dupor, Frank Schorfheide, and participants at the Wharton Macro Lunch and the Econometrics Society Meeting in Seattle for suggestions and comments. Noh-Sun Kwark gratefully acknowledges the financial support of the Dongguk University Research Fund.

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Access to Document

10.1016/S0165-1765(01)00453-0

Cite this

@article{e242ca9946f74d869d6ea68305d00c2f,

title = "Decomposition of hours based on extensive and intensive margins of labor",

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.",

author = "Yongsung Chang and Kwark, {Noh Sun}",

note = "Funding Information: We thank Mark Bils, Bill Dupor, Frank Schorfheide, and participants at the Wharton Macro Lunch and the Econometrics Society Meeting in Seattle for suggestions and comments. Noh-Sun Kwark gratefully acknowledges the financial support of the Dongguk University Research Fund.",

year = "2001",

month = sep,

doi = "10.1016/S0165-1765(01)00453-0",

language = "English",

volume = "72",

pages = "361--367",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier",

number = "3",

}

TY - JOUR

T1 - Decomposition of hours based on extensive and intensive margins of labor

AU - Chang, Yongsung

AU - Kwark, Noh Sun

N1 - Funding Information: We thank Mark Bils, Bill Dupor, Frank Schorfheide, and participants at the Wharton Macro Lunch and the Econometrics Society Meeting in Seattle for suggestions and comments. Noh-Sun Kwark gratefully acknowledges the financial support of the Dongguk University Research Fund.

PY - 2001/9

Y1 - 2001/9

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=0035588022&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0035588022&partnerID=8YFLogxK

U2 - 10.1016/S0165-1765(01)00453-0

DO - 10.1016/S0165-1765(01)00453-0

M3 - Article

AN - SCOPUS:0035588022

SN - 0165-1765

VL - 72

SP - 361

EP - 367

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Decomposition of hours based on extensive and intensive margins of labor

Abstract

Bibliographical note

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this