Kiel Working Papers, Kiel Institute for World Economics
No 1563:
Extensive vs. Intensive Margin in Germany and the United States: Any Differences?
Christian Merkl and Dennis Wesselbaum
Abstract: This papers analyzes the role of the extensive vis-à-vis
the intensive margin of labor adjustment in Germany and the United States.
The contribution is twofold. First, we provide an update of older U.S.
studies and confirm the view that the extensive margin (i.e., the
adjustment in the number of workers) explains the largest part in the
overall variability in aggregate hours (namely, about three quarters).
Second, although the German labor market is very different from its U.S.
counterpart, the quantitative importance of the extensive margin is of
similar magnitude
Keywords: Business Cycle, Extensive and Intensive Margin, Variance Decomposition; (follow links to similar papers)
JEL-Codes: C10,; E32,; J21; (follow links to similar papers)
8 pages, October 2009
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