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1 juin 2016
- handle: 10670/1.ek3gsv
- hal: hal-03393194
- SCIENCESPO: 2441/4f4eu80n0h8r28g6dadlk02mtb
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info:eu-repo/semantics/altIdentifier/hdl/2441/4f4eu80n0h8r28g6dadlk02mtb
http://creativecommons.org/licenses/by-nd/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Involuntary part-time work Unemployment Welfare E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E21 - Consumption • Saving • Wealth E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E32 - Business Fluctuations • Cycles J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J21 - Labor Force and Employment, Size, and StructureSujets proches
Part-time work Alternative work schedules Employment, Part-timeCiter ce document
Daniel Borowczyk-Martins et al., « The Welfare Effects of Involuntary Part-Time Work », HAL-SHS : économie et finance, ID : 10670/1.ek3gsv
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Résumé
Employed individuals in the U.S. are increasingly more likely to work part-time involuntarily than to be unemployed. Spells of involuntary part-time work are different from unemployment spells: a full-time worker who takes on a part-time job suffers an earnings loss while remaining employed, and is unlikely to receive income compensation from publicly-provided insurance programs.We analyze these differences through the lens of an incomplete-market, job-search model featuring unemployment risk alongside an additional risk of involuntary part-time employment.A calibration of the model consistent with U.S. institutions and labor-market dynamics shows that involuntary part-time work generates lower welfare losses relative to unemployment. This finding relies critically on the much higher probability to return to full-time employment from part-time work. We interpret it as a premium in access to full-time work faced by involuntary part-time workers, and use our model to tabulate its value in consumption-equivalent units.