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Dissecting the Decline in Average Hours Worked in Europe
Diva Astinova
Mr. Romain A Duval
Romain Duval
Mr. Niels-Jakob H Hansen
Niels-Jakob Hansen
Ben Park
Mr. Ippei Shibata
Frederik Toscani
Mr. Frederik G Toscani
出版
International Monetary Fund
, 2024-01-12
主題
Business & Economics / Labor / General
Business & Economics / Economics / Macroeconomics
Business & Economics / Economics / General
Health & Fitness / Diseases & Conditions / Contagious (incl. Pandemics)
Social Science / Demography
Social Science / Women's Studies
ISBN
9798400261183
URL
http://books.google.com.hk/books?id=WrXuEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
Three years after the COVID-19 crisis, employment and total hours worked in Europe fully recovered, but average hours per worker did not. We analyze the decline in average hours worked across European countries and find that (i) it is not cyclical but predominantly structural, extending a long-term trend that predates COVID-19, (ii) it mainly reflects reduced hours within worker groups, not a compositional shift towards lower-hours jobs and workers, (iii) men—particularly those with young children—and youth drive this drop, (iv) declines in actual hours match declines in desired hours. Policy reforms could help involuntary parttimers and women with young children raise their actual hours towards desired levels, but the aggregate impact on average hours would be limited to 0.5 to 1.5 percent. Overall, there is scant evidence of slack at the intensive margin in European labor markets, and the trend fall in average hours worked seems unlikely to reverse.