Labor Wedge

Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles

JEL codes: 
E32, F41, J20
Version Date: 
Dec 2011

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

Report file: 
PDF icon Download the paper (188.47 KB)