Ohanian, Lee E.; Raffo, Andrea - In: Journal of Monetary Economics 59 (2012) 1, pp. 40-56
We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data...