The rise of part-time employment in the great recession: Its causes and macroeconomic effects

Kang, Hyunju; Park, Jaevin; Suh, Hyunduk

doi:10.1016/j.jmacro.2020.103257

Cited by 7 publications

(2 citation statements)

References 41 publications

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“…Sociologists observe that economic downturns may put more pressure on employers to cut labour costs by flexibilising jobs (Kalleberg, 2011; Rubery et al, 2018; Vives et al, 2010). During economic crises, unemployment rates not only rise dramatically but many full-time positions are filled by part-time or casual workers (Kang et al, 2020). For instance, precarious employment rates significantly increased in most European countries after the Great Recession (Gutiérrez-Barbarrusa, 2016).…”

Section: Economic Crises and Precarious Employmentmentioning

confidence: 99%

The Scarring Effect of First Job Precarity: New Evidence from a Panel Study in Hong Kong

Jin

Pun³

et al. 2022

Work, Employment and Society

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Does entering the labour market via precarious employment have a long-term scarring effect on one’s career? Prior research proposes diverse arguments, but firm conclusions remain elusive. Using panel data from Hong Kong, this study rekindles this debate by revealing the long-lasting effect of first job precarity on workers’ subsequent career prospects. A comprehensive measure of precarious employment is constructed to simultaneously account for employment status, contractual status and occupational status, and random effects models are used to test the scarring effect of first job precarity on subsequent monthly income, job satisfaction and fringe benefits. It is also observed that macroeconomic situations, particularly periods of economic crisis, have a detrimental effect on entry into precarious employment. Importantly, the results show the substantial negative consequences of initial precarious employment, highlighting the adverse impact of economic crises on first job precarity and the subsequent scarring effect on career prospects.

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Section: Economic Crises and Precarious Employmentmentioning

confidence: 99%

The Scarring Effect of First Job Precarity: New Evidence from a Panel Study in Hong Kong

Jin

Pun³

et al. 2022

Work, Employment and Society

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“…Nonetheless, the growth in female labour participation and the shifting preferences from part-time to full-time work -especially women's-may have also played a role in the past (Cohen and Stier (2006); Euwals and Hogerbrugge (2006)). Recently, Kang et al (2020) have relied on exogenous increases of part-time labour supply to explain the persistently high level of part-time employment -either voluntary or not-after the Great Recession. Although all these factors may explain the hysteresis of IPT, this phenomenon has not yet been proved so far.…”

Section: Related Literaturementioning

confidence: 99%

Testing hysteresis for the US and UK involuntary part-time employment

Congregado,

Garcia-Clemente,

Rubino

et al. 2024

Applied Economics

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In this paper we test the persistence of involuntary part-time employment, making use of large historical series for the US and UK. To evaluate the robustness of our results a comprehensive macro-econometric approach, a battery of panel and time series unit root/stationarity tests were performed, also allowing for flexible specifications as fractional integration and structural breaks in the series. Our results confirm that underemployment in both countries has not returned to its pre-recession levels providing robust evidence about the existence of a long memory process in the involuntary part-time employment and a structural break in the mean of the series in the Great Recession surroundings. Importantly, the two phenomena, identified by a sudden deterministic break in the levels of the models employed and by a unit root process of order one or higher, coexist an interact together.

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