Publication
Oct 2009
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and the US. The authors provide an update of older US studies and confirm the view that the extensive margin explains the largest part in the overall variability in aggregate hours. They also find that although the German labor market is very different to that of the US, the quantitative importance of the extensive margin is of similar magnitude.
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English (PDF, 8 pages, 364 KB) |
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Author | Christian Merkl, Dennis Wesselbaum |
Series | Kiel Institute Working Papers |
Issue | 1563 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |