Title of article
AggregatehoursworkedinOECDcountries:Newmeasurementand implicationsforbusinesscycles
Author/Authors
Lee E. Ohanian، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
17
From page
40
To page
56
Abstract
We buildadatasetofquarterlyhoursworkedfor14OECDcountries.Wedocumentthat
hoursareasvolatileasoutput,thatalargefractionoflaboradjustmenttakesplace
alongtheintensivemargin,andthatthevolatilityofhoursrelativetooutputhas
increasedovertime.WeusethesedatatoreassesstheGreatRecessionandprior
recessions.TheGreatRecessioninmanycountriesisapuzzleinthatlaborwedgesare
small,whilethoseintheU.S.GreatRecession–andthoseinpreviousEuropean
recessions–aremuchlarger
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846506
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