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Title: The Dynamics of Involuntary Part-Time Employment During the Great Recession: The Ins Win
Citation Type: Miscellaneous
Publication Year: 2017
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Abstract: Using micro-data from the Current Population Survey, I analyze the demographics of the involuntary part-time employed and variation in the involuntary part-time employment rate over the business cycle. During the Great Recession, the involuntary part-time employment rate more than doubled from under 2% to over 4%, an increase that dwarfs any changes in the involuntary part-time employment rate over the previous 20 years. To understand the causes of the increase in involuntary part-time employment during the Great Recession, I model the labor force as a discrete-time Markov chain and present a novel method that decomposes changes in the involuntary part-time employment rate into changes in the underlying transition probabilities of individuals across labor force states. This method allows me to construct counter-factual involuntary part-time employment rates and measure the relative contribution of labor market flows to observed changes in the involuntary part-time employment rate. I find that two-thirds of the increase in the involuntary part-time employment rate during the Great Recession is due to workers entering involuntary part-time employment from other labor force states.
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Authors: Rambachan, Ashesh
Publisher: Princeton Undergraduate Research Journal
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
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