Search Results
Deconstructing Hours Worked: How Did Recent Recessions Differ?
Weekly usual hours worked per capita recovered faster from the COVID-19 recession than from Great Recession because of stable hours per worker and a fast recovery in the employment rate.
Labor Force Participation and Hours Worked Recovery: U.S. vs. Europe
The labor force participation rate in the U.S. had returned to its pre-pandemic level by 2023:Q2, but hours worked per person had not. What about in European countries?
Essay
Racial Equity Could Produce Widespread Economic Gains
An analysis suggests that racial and ethnic equity in employment, hours worked, education and earnings could expand U.S. GDP by trillions of dollars.
The Labor Effects of Work from Home on Workers with a Disability
Work from home appears to have improved labor outcomes for workers with a disability in terms of unemployment, labor force participation, and wages and hours worked.
Work More, Make Much More? The Relationship between Lifetime Hours Worked and Lifetime Earnings
An analysis suggests that the hours that male workers spend on the job over a career is associated with both higher lifetime earnings and higher earnings growth.
How Has the COVID-19 Recession Affected U.S. Labor across Occupations and Industries?
COVID-19 hit the U.S. labor market hard, but relative changes in employment and hours worked vary across occupations and industries.
Working Paper
Hours Worked and Lifetime Earnings Inequality
We document large differences in lifetime hours of work using data from the NLSY79 and argue that these differences are an important source of inequality in lifetime earnings. To establish this we develop and calibrate a rich heterogeneous agent model of labor supply and human capital accumulation that allows for heterogeneity in preferences for work, initial human capital and learning ability, as well as idiosyncratic shocks to human capital throughout the life-cycle. Our calibrated model implies that almost 20 percent of the variance in lifetime earnings is accounted for by differences in ...