This paper provides new interpretations of the effects of rising economic turbulence - an increase in the rate of skill depreciation upon job loss - and its interaction with labor market institutions. We have three main results, based on a life-cycle model with labor market frictions and labor...

We document that fluctuations in part-time employment play a major role in movements in hours per worker during cyclical swings in the labor market. Building on this result, we develop a stock-flow framework to describe the dynamics of part-time employment. The evolution of parttime employment...

We analyze the effects of government-mandated severance payments in a rich life-cycle model with search-matching frictions in the labor market, risk-averse agents and imperfect insurance against idiosyncratic shocks. Our model emphasizes a tension between workerfirm wage bargains and consumption...

A search-theoretic model of the labor market with idiosyncratic fluctuations in hours worked, search both off- and on-the-job, and multiple jobholding is developed. Taking on a second job entails a commitment to hold onto the primary employer, enabling the worker to use the primary job as her...

We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...

We use worker-firm matched data from Homebase to construct new real-time estimates of the impact of the COVID-19 pandemic on employment and hours worked of small businesses. We find four key results: (1) employment of small businesses in four of the hardest hit service sectors contracted by an...

In Canada, the fraction of workers holding multiple jobs has almost tripled since the mid-1970s. In this paper, we document this historical change and provide a comprehensive account of its dynamics. We use restricted-access panel micro-data from the Canadian labour force survey to construct...

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) - a contract that exempts employers from the requirement to provide any minimum working hours, and allows workers to decline any workload. We find quantitatively mixed welfare effects of ZHCs. On one hand they unlock job...

We propose a model to evaluate the U.K.’s zero-hours contract (ZHC) – a contract that exempts employers from the requirement to provide any minimum working hours, and allows workers to decline any workload. We find quantitatively mixed welfare effects of ZHCs. On one hand they unlock job...