International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles - Couverture souple

Ohanian, Lee E

Couverture souple

ISBN 10 : 1288723741 ISBN 13 : 9781288723744

Editeur : Bibliogov, 2013

Synopsis

We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data to reassess the Great Recession and prior recessions. The Great Recession in many countries is a puzzle in that labor wedges are small, while those in the U.S. Great Recession - and those in previous European recessions - are much larger.

Détails de l'édition

• Éditeur: Bibliogov
• Date d'édition: 2013
• Langue: anglais
• ISBN 10: 1288723741
• ISBN 13: 9781288723744
• Reliure: Broché
• Nombre de pages: 42
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible