Borowczyk-Martins, Daniel; Lalé, Etienne - 2016
from unemployment from a worker's perspective. We also quantify the welfare costs of cyclical fluctuations in involuntary … unemployment in the U.S. labor market. In the empirical analysis, we document that the similar cyclical behavior of involuntary … part-time work and unemployment masks major differences in the underlying dynamics. Unlike unemployment, variations in …