Replication data for: The Demand for Youth: Explaining Age Differences in the Volatility of Hours

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Project Citation:

Jaimovich, Nir, Pruitt, Seth, and Siu, Henry E. Replication data for: The Demand for Youth: Explaining Age Differences in the Volatility of Hours. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112689V1

Project Description

Summary: Over the business cycle young workers experience much greater volatility of hours worked than prime-aged workers. This can arise from age differences in labor supply or labor demand characteristics. To distinguish between these, we document that, for young workers, both the cyclical volatilities of hours and wages are greater than those of the prime-aged. We argue that a general class of models featuring only age-specific labor supply differences cannot reconcile these facts. We then show that a simple model featuring labor demand differences can.

Scope of Project

JEL Classification:
      E32 Business Fluctuations; Cycles
      J13 Fertility; Family Planning; Child Care; Children; Youth
      J22 Time Allocation and Labor Supply
      J23 Labor Demand
      J31 Wage Level and Structure; Wage Differentials

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V1 [2019-10-11]

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