Rens, Thijs van - Department of Economics and Business, Universitat … - 2011
, particularly in Europe, hours per worker are quantitatively important as an intensive margin of labor adjustment, possibly because … labor market frictions are higher than in the US. I argue that this conclusion is not supported by the data. Using the same … data on hours worked, I find evidence that labor market frictions are higher in Europe than in the US, like Ohanian and …